New York State Common Retirement Fund Increases Position in Tyson Foods, Inc. (TSN)
New York State Common Retirement Fund boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 882,121 shares of the company’s stock after buying an additional 28,727 shares during the period. New York State Common Retirement Fund owned approximately 0.25% of Tyson Foods worth $62,145,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TSN. Sun Life Financial INC boosted its stake in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after buying an additional 2,100 shares during the last quarter. Stevens First Principles Investment Advisors bought a new position in Tyson Foods during the third quarter valued at approximately $141,000. Archford Capital Strategies LLC boosted its stake in Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after buying an additional 3,574 shares during the last quarter. IFP Advisors Inc boosted its stake in Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after buying an additional 359 shares during the last quarter. Finally, Cadence Bank NA bought a new position in Tyson Foods during the third quarter valued at approximately $200,000. 71.57% of the stock is owned by institutional investors.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded up $1.17 during mid-day trading on Tuesday, reaching $83.56. The company’s stock had a trading volume of 3,545,300 shares, compared to its average volume of 2,654,609. Tyson Foods, Inc. has a fifty-two week low of $56.84 and a fifty-two week high of $84.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. The stock has a market capitalization of $30,650.00, a P/E ratio of 15.52 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts expect that Tyson Foods, Inc. will post 5.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s dividend payout ratio is presently 25.05%.
In other news, insider Scott Rouse sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Curt Calaway sold 21,200 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $81.01, for a total value of $1,717,412.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,485 shares of company stock worth $12,626,308. Company insiders own 2.65% of the company’s stock.
A number of equities analysts recently commented on the company. Fundamental Research set a C$1.82 price target on Tyson Foods and gave the company a “buy” rating in a research note on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Credit Suisse Group restated a “neutral” rating and set a $75.00 price objective (up from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. Jefferies Group set a $85.00 price objective on Tyson Foods and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $73.71.
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Tyson Foods Company 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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