Tyson Foods, Inc. (TSN) is Apertura Capital LLC’s 8th Largest Position
Apertura Capital LLC raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 75.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the company’s stock after buying an additional 75,000 shares during the period. Tyson Foods makes up about 2.8% of Apertura Capital LLC’s portfolio, making the stock its 8th largest position. Apertura Capital LLC’s holdings in Tyson Foods were worth $10,960,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares in the last quarter. State Street Corp raised its stake in shares of Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after buying an additional 120,056 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Tyson Foods by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 7,419,216 shares of the company’s stock valued at $457,839,000 after buying an additional 506,267 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after buying an additional 558,104 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Tyson Foods by 8.2% in the first quarter. Alliancebernstein L.P. now owns 4,790,930 shares of the company’s stock valued at $295,648,000 after buying an additional 362,044 shares in the last quarter. Hedge funds and other institutional investors own 71.05% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 63.25 on Friday. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The stock has a 50 day moving average price of $63.14 and a 200-day moving average price of $62.28. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 13.34 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $1.21 EPS. Tyson Foods’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.42%. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.
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Several equities research analysts have commented on TSN shares. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Pivotal Research restated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Group LLC restated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $69.79.
In other news, Director Mikel A. Durham bought 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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