W.E. Donoghue & Co. LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, HoldingsChannel reports. The firm purchased 31,262 shares of the company’s stock, valued at approximately $2,524,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock worth $241,434,000 after purchasing an additional 278,988 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Tyson Foods by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 13,008 shares of the company’s stock worth $695,000 after purchasing an additional 229 shares in the last quarter. FMR LLC raised its stake in shares of Tyson Foods by 26.1% during the 4th quarter. FMR LLC now owns 3,782,197 shares of the company’s stock worth $201,970,000 after purchasing an additional 783,862 shares in the last quarter. Actinver Wealth Management Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth approximately $201,000. Finally, Wilsey Asset Management Inc. raised its stake in shares of Tyson Foods by 7.8% during the 1st quarter. Wilsey Asset Management Inc. now owns 194,001 shares of the company’s stock worth $13,465,000 after purchasing an additional 14,030 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.
Shares of TSN stock traded down $0.63 during trading on Friday, reaching $79.76. 3,178,510 shares of the company’s stock were exchanged, compared to its average volume of 1,918,949. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. The stock has a market capitalization of $29.02 billion, a PE ratio of 12.95 and a beta of 0.50. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $84.30. The business has a fifty day moving average price of $80.92.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 29th. Tyson Foods’s payout ratio is presently 24.35%.
In other Tyson Foods news, insider Stephen R. Stouffer sold 12,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total value of $996,240.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mary Oleksiuk sold 44,967 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. Insiders have sold a total of 84,433 shares of company stock worth $6,680,525 over the last three months. 1.69% of the stock is owned by insiders.
TSN has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “top pick” rating and set a $90.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Piper Jaffray Companies upped their price objective on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, May 14th. Standpoint Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Credit Suisse Group set a $96.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Tyson Foods has a consensus rating of “Buy” and a consensus target price of $79.10.
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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