Iridian Asset Management LLC CT boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,739,847 shares of the company’s stock after buying an additional 943,331 shares during the period. Tyson Foods comprises approximately 3.8% of Iridian Asset Management LLC CT’s holdings, making the stock its 4th largest position. Iridian Asset Management LLC CT’s holdings in Tyson Foods were worth $415,714,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TSN. Washington Trust Bank boosted its position in 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 during the period. Evercore Wealth Management LLC boosted its position 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 period. Itau Unibanco Holding S.A. purchased a new position in Tyson Foods during the third quarter valued at approximately $140,000. Financial Architects Inc boosted its position 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 period. Finally, Catalyst Capital Advisors LLC purchased a new position in Tyson Foods during the third quarter valued at approximately $174,000. 69.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded up 0.330% on Monday, reaching $65.275. The company’s stock had a trading volume of 831,553 shares. The firm has a 50 day moving average of $62.95 and a 200 day moving average of $68.28. The company has a market cap of $23.96 billion, a PE ratio of 13.168 and a beta of 0.17. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $77.05.
Tyson Foods (NYSE:TSN) last released its earnings results 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. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The firm earned $9.18 billion during the quarter, compared to the consensus estimate of $9.04 billion. During the same period in the prior year, the firm earned $1.15 EPS. The company’s revenue was up .3% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post $5.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, February 27th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 annualized dividend and a yield of 1.38%. Tyson Foods’s dividend payout ratio (DPR) is 12.07%.
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Several research firms have commented on TSN. KeyCorp began coverage on Tyson Foods in a report on Thursday, December 1st. They issued an “overweight” rating and a $70.00 price target for the company. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $68.00 price target on shares of Tyson Foods in a report on Tuesday, February 7th. Royal Bank Of Canada dropped their target price on Tyson Foods from $75.00 to $68.00 and set a “sector perform” rating for the company in a report on Tuesday, November 22nd. Jefferies Group LLC dropped their target price on Tyson Foods from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, November 22nd. Finally, Vetr raised Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $69.21 target price for the company in a report on Monday, January 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.96.
Tyson Foods Company 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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