Quantitative Systematic Strategies LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 162.9% during the second quarter, HoldingsChannel reports. The firm owned 32,680 shares of the company’s stock after acquiring an additional 20,248 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Tyson Foods were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Zions Bancorporation N.A. bought a new stake in shares of Tyson Foods in the 1st quarter worth approximately $25,000. Valeo Financial Advisors LLC bought a new stake in shares of Tyson Foods in the 2nd quarter worth approximately $32,000. West Oak Capital LLC bought a new stake in Tyson Foods during the 2nd quarter valued at $34,000. Moody National Bank Trust Division bought a new stake in Tyson Foods during the 1st quarter valued at $31,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in Tyson Foods during the 2nd quarter valued at $40,000. 69.72% of the stock is currently owned by institutional investors.
TSN has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Credit Suisse Group set a $96.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a report on Thursday, June 13th. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Wednesday, May 8th. Finally, Pivotal Research reissued a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.10.
Shares of Tyson Foods stock traded up $4.22 during trading on Monday, hitting $83.98. The stock had a trading volume of 314,204 shares, compared to its average volume of 2,069,012. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 13.61 and a beta of 0.50. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $84.30. The company’s 50-day moving average price is $80.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the consensus estimate of $1.47. The firm had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $10.95 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, sell-side analysts expect that Tyson Foods, Inc. will post 5.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.50 annualized dividend and a dividend yield of 1.79%. Tyson Foods’s payout ratio is currently 24.35%.
Tyson Foods Company 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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