Eagle Asset Management Inc. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.4% in the first quarter, Holdings Channel reports. The fund owned 6,526 shares of the company’s stock after buying an additional 447 shares during the quarter. Eagle Asset Management Inc.’s holdings in Tyson Foods were worth $453,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Tyson Foods by 1.9% during the 4th quarter. BlackRock Inc. now owns 20,737,692 shares of the company’s stock worth $1,107,393,000 after purchasing an additional 391,411 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Tyson Foods by 7,093.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock worth $169,000 after purchasing an additional 8,905,199 shares in the last quarter. LSV Asset Management increased its position in Tyson Foods by 4.4% during the 4th quarter. LSV Asset Management now owns 6,381,744 shares of the company’s stock worth $340,785,000 after purchasing an additional 266,687 shares in the last quarter. Geode Capital Management LLC increased its position in 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. Finally, FMR LLC increased its position in 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. 70.68% of the stock is owned by institutional investors.
A number of analysts recently issued reports on TSN shares. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Tuesday, April 9th. Mizuho reissued a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Standpoint Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.94.
NYSE TSN opened at $79.57 on Tuesday. The company has a market capitalization of $28.53 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.45 and a beta of 0.51. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $79.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.34.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. Tyson Foods’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 5.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend 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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