Advisors Capital Management LLC grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,057 shares of the company’s stock after purchasing an additional 2,825 shares during the period. Advisors Capital Management LLC’s holdings in Tyson Foods were worth $2,087,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Jolley Asset Management LLC bought a new position in shares of Tyson Foods in the 2nd quarter valued at $4,416,000. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Tyson Foods during the 2nd quarter valued at $236,000. Great West Life Assurance Co. Can boosted its holdings in shares of Tyson Foods by 28.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,032,299 shares of the company’s stock valued at $71,182,000 after acquiring an additional 230,203 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter valued at $7,772,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Tyson Foods by 0.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 680,438 shares of the company’s stock valued at $46,848,000 after acquiring an additional 5,547 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.
Several research firms recently weighed in on TSN. ValuEngine downgraded Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Monday, July 30th. Zacks Investment Research downgraded Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Monday, September 17th. Stephens cut their price objective on Tyson Foods to $73.00 and set an “overweight” rating on the stock in a report on Monday, July 30th. They noted that the move was a valuation call. Finally, Mizuho set a $87.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $74.60.
Shares of TSN opened at $60.29 on Friday. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.92 and a beta of 0.14. Tyson Foods, Inc. has a 12 month low of $56.79 and a 12 month high of $84.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 1.48.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.17. The firm had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 5.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.99%. Tyson Foods’s payout ratio is presently 22.60%.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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