Brookmont Capital Management grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,146 shares of the company’s stock after acquiring an additional 252 shares during the period. Brookmont Capital Management’s holdings in Tyson Foods were worth $901,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Wilsey Asset Management Inc. grew its holdings in Tyson Foods by 5.4% during the 3rd quarter. Wilsey Asset Management Inc. now owns 233,659 shares of the company’s stock worth $13,898,000 after acquiring an additional 11,959 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Tyson Foods by 9.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,990 shares of the company’s stock worth $1,427,000 after buying an additional 2,019 shares during the last quarter. First Dallas Securities Inc. bought a new position in shares of Tyson Foods in the 3rd quarter worth about $206,000. Hodges Capital Management Inc. lifted its position in shares of Tyson Foods by 12.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 10,682 shares of the company’s stock worth $635,000 after buying an additional 1,200 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC lifted its position in shares of Tyson Foods by 6.1% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 13,850 shares of the company’s stock worth $824,000 after buying an additional 802 shares during the last quarter. 63.82% of the stock is owned by institutional investors.
In other news, insider Chad Roderick Martin sold 1,548 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $63.00, for a total value of $97,524.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.68% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on TSN shares. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $63.00 to $70.00 in a research report on Wednesday, August 26th. ValuEngine downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 6th. TheStreet raised shares of Tyson Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, August 25th. Credit Suisse Group downgraded shares of Tyson Foods from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $68.00 in a research report on Wednesday, August 5th. Finally, Seaport Global Securities assumed coverage on shares of Tyson Foods in a research report on Tuesday, July 28th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $77.73.
NYSE TSN traded down $0.78 during trading on Friday, reaching $59.71. The company’s stock had a trading volume of 1,687,463 shares, compared to its average volume of 3,196,656. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $21.79 billion, a PE ratio of 12.01 and a beta of 0.62. The business has a 50-day moving average price of $61.04 and a 200-day moving average price of $60.84. Tyson Foods, Inc. has a 1-year low of $42.57 and a 1-year high of $94.24.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.50. Tyson Foods had a net margin of 4.26% and a return on equity of 12.63%. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the company earned $1.47 earnings per share. Tyson Foods’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts expect that Tyson Foods, Inc. will post 4.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, November 30th. Tyson Foods’s payout ratio is 30.77%.
Tyson Foods Company 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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