Quantitative Systematic Strategies LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,371 shares of the company’s stock, valued at approximately $2,272,000. Tyson Foods makes up 0.8% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 10th largest position.
Other institutional investors also recently bought and sold shares of the company. Washington Trust Bank raised its position in shares of Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares during the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new stake in Tyson Foods during the second quarter valued at approximately $156,000. Financial Architects Inc boosted its stake in Tyson Foods by 18.1% in the third quarter. Financial Architects Inc now owns 2,170 shares of the company’s stock valued at $162,000 after buying an additional 332 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Tyson Foods during the third quarter valued at approximately $174,000. Institutional investors own 69.64% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 65.06 on Monday. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The stock’s 50 day moving average price is $62.95 and its 200 day moving average price is $68.28. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 13.12 and a beta of 0.17.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 6th. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.33. The firm earned $9.18 billion during the quarter, compared to analyst estimates of $9.04 billion. Tyson Foods had a return on equity of 19.03% and a net margin of 5.15%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. Equities research analysts expect that Tyson Foods, Inc. will post $5.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.225 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.38%. Tyson Foods’s dividend payout ratio (DPR) is presently 12.07%.
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A number of equities research analysts have recently issued reports on TSN shares. KeyCorp started coverage on Tyson Foods in a research note on Thursday, December 1st. They set an “overweight” rating and a $70.00 price objective on the stock. RBC Capital Markets reiterated a “sector perform” rating and set a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 7th. Jefferies Group LLC dropped their price objective on Tyson Foods from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, November 22nd. Royal Bank Of Canada dropped their price objective on Tyson Foods from $75.00 to $68.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 22nd. Finally, Vetr upgraded Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $69.21 price target on the stock in a research note on Monday, January 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $70.96.
About Tyson Foods
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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