Point72 Hong Kong Ltd purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,230 shares of the company’s stock, valued at approximately $311,000.
Other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Tyson Foods by 43.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 36,862 shares of the company’s stock worth $2,538,000 after buying an additional 11,244 shares during the period. Cognios Capital LLC raised its position in shares of Tyson Foods by 11.0% in the 2nd quarter. Cognios Capital LLC now owns 36,928 shares of the company’s stock worth $2,542,000 after buying an additional 3,657 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,880,817 shares of the company’s stock worth $129,494,000 after buying an additional 28,750 shares during the period. Toronto Dominion Bank raised its position in shares of Tyson Foods by 19.3% in the 2nd quarter. Toronto Dominion Bank now owns 191,304 shares of the company’s stock worth $13,168,000 after buying an additional 30,884 shares during the period. Finally, Strs Ohio raised its position in shares of Tyson Foods by 18.1% in the 2nd quarter. Strs Ohio now owns 157,447 shares of the company’s stock worth $10,840,000 after buying an additional 24,173 shares during the period. 68.49% of the stock is currently owned by institutional investors.
Shares of NYSE TSN opened at $55.30 on Friday. Tyson Foods, Inc. has a 12-month low of $54.48 and a 12-month high of $83.03. The firm has a market capitalization of $20.19 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.85 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.43.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.375 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, February 28th. Tyson Foods’s dividend payout ratio is currently 24.35%.
TSN has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Tyson Foods in a research report on Tuesday, December 11th. ValuEngine raised Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Mizuho set a $82.00 target price on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Standpoint Research initiated coverage on Tyson Foods in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 target price on the stock. Finally, Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.07.
In related news, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $58.01 per share, for a total transaction of $400,094.97. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.55% of the stock is currently owned by corporate insiders.
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Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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