Pendal Group Ltd Purchases 28,289 Shares of Tyson Foods (TSN)

Pendal Group Ltd raised its position in Tyson Foods (NYSE:TSN) by 20.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,377 shares of the company’s stock after purchasing an additional 28,289 shares during the quarter. Pendal Group Ltd’s holdings in Tyson Foods were worth $11,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. Cerebellum GP LLC acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $124,000. Financial Gravity Companies Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $198,000. Signaturefd LLC acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $201,000. Verity Asset Management Inc. acquired a new stake in shares of Tyson Foods in the 1st quarter valued at about $209,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $212,000. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Stephen R. Stouffer sold 15,489 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total transaction of $1,149,593.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.



Several equities analysts have recently weighed in on TSN shares. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, February 12th. Piper Jaffray set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Mizuho set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Jefferies Group restated a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $74.93.

Tyson Foods stock opened at $68.25 on Monday. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 0.69. The stock has a market cap of $25.12 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.94 and a beta of 0.20.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 7th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. The business had revenue of $9.77 billion for the quarter, compared to the consensus estimate of $9.86 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts predict that Tyson Foods will post 6.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. Tyson Foods’s dividend payout ratio is presently 22.60%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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