Public Employees Retirement System of Ohio cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,337 shares of the company’s stock after selling 9,366 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tyson Foods were worth $6,767,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in TSN. Creative Financial Designs Inc. ADV bought a new stake in shares of Tyson Foods during the 2nd quarter worth about $27,000. Watson Rebecca bought a new stake in Tyson Foods during the 2nd quarter valued at approximately $34,000. Flagship Harbor Advisors LLC boosted its stake in Tyson Foods by 114.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 642 shares of the company’s stock valued at $38,000 after purchasing an additional 342 shares during the period. Balentine LLC boosted its stake in Tyson Foods by 281.3% during the 2nd quarter. Balentine LLC now owns 713 shares of the company’s stock valued at $43,000 after purchasing an additional 526 shares during the period. Finally, Capital Directions Investment Advisors LLC boosted its stake in Tyson Foods by 150.0% during the 1st quarter. Capital Directions Investment Advisors LLC now owns 750 shares of the company’s stock valued at $43,000 after purchasing an additional 450 shares during the period. 63.82% of the stock is currently owned by institutional investors.
In other Tyson Foods news, insider Chad Roderick Martin sold 1,548 shares of Tyson Foods stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $63.00, for a total transaction of $97,524.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.68% of the stock is owned by company insiders.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.50. Tyson Foods had a return on equity of 12.63% and a net margin of 4.26%. The business had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the company earned $1.47 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. As a group, research analysts forecast that Tyson Foods, Inc. will post 4.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 2.56%. Tyson Foods’s dividend payout ratio is currently 30.77%.
TSN has been the subject of several recent research reports. Sanford C. Bernstein raised Tyson Foods from a “market perform” rating to an “outperform” rating and upped their price target for the company from $62.00 to $83.00 in a report on Thursday, June 4th. Credit Suisse Group cut Tyson Foods from an “outperform” rating to a “neutral” rating and cut their price target for the company from $75.00 to $68.00 in a report on Wednesday, August 5th. Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. ValuEngine cut Tyson Foods from a “hold” rating to a “sell” rating in a report on Thursday, August 6th. Finally, Seaport Global Securities started coverage on Tyson Foods in a report on Tuesday, July 28th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $77.73.
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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