Aperio Group LLC Boosts Holdings in Tyson Foods, Inc. (TSN)
Aperio Group LLC raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,001 shares of the company’s stock after acquiring an additional 24,726 shares during the period. Aperio Group LLC owned approximately 0.05% of Tyson Foods worth $12,963,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Financial Counselors Inc. lifted its stake in shares of Tyson Foods by 0.3% during the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after purchasing an additional 15 shares in the last quarter. CrestPoint Capital Management LLC lifted its stake in shares of Tyson Foods by 0.5% during the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after purchasing an additional 100 shares in the last quarter. Montecito Bank & Trust lifted its stake in shares of Tyson Foods by 3.7% during the second quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock worth $260,000 after purchasing an additional 147 shares in the last quarter. Lumbard & Kellner LLC lifted its stake in shares of Tyson Foods by 0.4% during the second quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock worth $2,497,000 after purchasing an additional 150 shares in the last quarter. Finally, Quantum Capital Management lifted its stake in shares of Tyson Foods by 4.3% during the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock worth $242,000 after purchasing an additional 161 shares in the last quarter. 70.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (TSN) opened at 72.91 on Wednesday. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $73.16. The firm has a market capitalization of $26.75 billion, a P/E ratio of 15.37 and a beta of 0.28. The firm has a 50-day moving average price of $69.24 and a 200-day moving average price of $63.94.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.49 billion. During the same quarter last year, the business posted $1.21 earnings per share. Tyson Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio is presently 18.95%.
Several research firms recently commented on TSN. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Pivotal Research reiterated a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $75.00 price target (up previously from $70.00) on shares of Tyson Foods in a research note on Sunday, October 1st. They noted that the move was a valuation call. BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $74.21.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by insiders.
Tyson Foods Profile
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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