Providence Capital Advisors LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 101,100 shares of the company’s stock, valued at approximately $5,777,000.
Several other large investors have also modified their holdings of TSN. Bank of Montreal Can boosted its stake in Tyson Foods by 4.8% during the 2nd quarter. Bank of Montreal Can now owns 306,966 shares of the company’s stock worth $17,568,000 after purchasing an additional 14,108 shares during the period. Evergreen Capital Management LLC increased its holdings in Tyson Foods by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,604 shares of the company’s stock valued at $320,000 after acquiring an additional 313 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Tyson Foods by 77.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 10,935 shares of the company’s stock valued at $625,000 after acquiring an additional 4,779 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Tyson Foods during the 2nd quarter valued at about $219,000. Finally, ProShare Advisors LLC grew its holdings in shares of Tyson Foods by 5.5% during the second quarter. ProShare Advisors LLC now owns 64,574 shares of the company’s stock worth $3,690,000 after buying an additional 3,369 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TSN. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Barclays lifted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.44.
Tyson Foods Stock Performance
TSN stock opened at $60.42 on Tuesday. The company has a market capitalization of $21.57 billion, a P/E ratio of -33.94, a PEG ratio of 0.43 and a beta of 0.78. The company has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $59.44. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.
Tyson Foods Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.24%. Tyson Foods’s payout ratio is presently -110.11%.
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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.
Recommended Stories
- Five stocks we like better than Tyson Foods
- Insider Selling Explained: Can it Inform Your Investing Choices?
- The Average 401k Balance by Age Explained
- Quiet Period Expirations Explained
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN – Free Report).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.