American International Group Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,260 shares of the company’s stock after purchasing an additional 23,621 shares during the quarter. American International Group Inc.’s holdings in Tyson Foods were worth $8,290,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Cornerstone Wealth Management LLC purchased a new position in Tyson Foods in the second quarter valued at about $768,000. Janney Montgomery Scott LLC grew its stake in Tyson Foods by 60.2% in the second quarter. Janney Montgomery Scott LLC now owns 12,743 shares of the company’s stock valued at $877,000 after purchasing an additional 4,788 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Tyson Foods by 43.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 36,862 shares of the company’s stock valued at $2,538,000 after purchasing an additional 11,244 shares during the last quarter. Comerica Bank grew its stake in Tyson Foods by 1.9% in the second quarter. Comerica Bank now owns 83,284 shares of the company’s stock valued at $5,460,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Aviva PLC grew its stake in Tyson Foods by 3.1% in the second quarter. Aviva PLC now owns 146,573 shares of the company’s stock valued at $10,092,000 after purchasing an additional 4,428 shares during the last quarter. 68.16% of the stock is currently owned by institutional investors.
Shares of TSN stock opened at $58.95 on Monday. Tyson Foods, Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $84.65. The stock has a market cap of $21.52 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.90 and a beta of 0.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.25. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 5.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a dividend of $0.375 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.54%. Tyson Foods’s payout ratio is 24.35%.
Several equities analysts have issued reports on TSN shares. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Monday, September 17th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, October 11th. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Standpoint Research assumed coverage on Tyson Foods in a research note on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Tyson Foods presently has an average rating of “Hold” and a consensus target price of $72.93.
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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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