Sage Capital Advisors llc boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 21.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,031 shares of the company’s stock after purchasing an additional 6,809 shares during the quarter. Tyson Foods comprises approximately 1.9% of Sage Capital Advisors llc’s portfolio, making the stock its 18th biggest position. Sage Capital Advisors llc’s holdings in Tyson Foods were worth $2,679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Stevens First Principles Investment Advisors acquired a new position in Tyson Foods in the third quarter valued at approximately $141,000. Sun Life Financial INC boosted its holdings in Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares in the last quarter. Horan Capital Advisors LLC. acquired a new position in Tyson Foods in the third quarter valued at approximately $155,000. IFP Advisors Inc boosted its holdings in Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares in the last quarter. Finally, Cadence Bank NA acquired a new position in Tyson Foods in the third quarter valued at approximately $200,000. 71.57% of the stock is owned by hedge funds and other institutional investors.
TSN has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $75.00 price target (up from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. BidaskClub downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Jefferies Group upped their price target on Tyson Foods from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Finally, Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 15th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $73.71.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts expect that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio is 25.05%.
In other Tyson Foods news, insider Stephen R. Stouffer sold 9,238 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $81.23, for a total value of $750,402.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Rouse sold 1,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The disclosure for this sale can be found here. Insiders have sold 318,893 shares of company stock valued at $26,314,927 in the last 90 days. Company insiders own 2.65% of the company’s stock.
Tyson Foods Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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