Bronfman E.L. Rothschild L.P. boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,398 shares of the company’s stock after buying an additional 184 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Tyson Foods were worth $75,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in TSN. Commonwealth Equity Services LLC lifted its position in Tyson Foods by 9.9% during the third quarter. Commonwealth Equity Services LLC now owns 39,691 shares of the company’s stock worth $2,362,000 after acquiring an additional 3,582 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Tyson Foods by 19.2% during the third quarter. Eagle Asset Management Inc. now owns 5,361 shares of the company’s stock worth $319,000 after acquiring an additional 863 shares during the last quarter. Keybank National Association OH lifted its position in Tyson Foods by 55.9% during the third quarter. Keybank National Association OH now owns 14,805 shares of the company’s stock worth $881,000 after acquiring an additional 5,311 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Tyson Foods by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock worth $115,268,000 after acquiring an additional 55,492 shares during the last quarter. Finally, CI Investments Inc. acquired a new stake in Tyson Foods during the third quarter worth approximately $7,304,000. Institutional investors and hedge funds own 70.28% of the company’s stock.
A number of equities research analysts have recently weighed in on TSN shares. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Sunday, February 17th. Vertical Group upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Finally, Stephens started coverage on shares of Tyson Foods in a research report on Monday, March 4th. They issued an “overweight” rating and a $62.26 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.95.
NYSE:TSN traded up $0.57 during mid-day trading on Monday, reaching $71.41. The stock had a trading volume of 1,680,800 shares, compared to its average volume of 2,786,835. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.33 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $72.42.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.03. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. As a group, analysts anticipate that Tyson Foods, Inc. will post 5.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.10%. Tyson Foods’s payout ratio is presently 24.35%.
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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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