Csenge Advisory Group bought a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,012 shares of the company’s stock, valued at approximately $244,000.
Several other institutional investors have also recently bought and sold shares of TSN. Nationwide Fund Advisors lifted its holdings in shares of Tyson Foods by 1.1% in the 3rd quarter. Nationwide Fund Advisors now owns 371,341 shares of the company’s stock valued at $26,161,000 after purchasing an additional 4,031 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Tyson Foods by 4.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,919 shares of the company’s stock valued at $1,122,000 after acquiring an additional 715 shares during the last quarter. New York State Common Retirement Fund raised its stake in Tyson Foods by 3.4% during the 3rd quarter. New York State Common Retirement Fund now owns 882,121 shares of the company’s stock valued at $62,145,000 after acquiring an additional 28,727 shares during the last quarter. Comerica Bank raised its stake in Tyson Foods by 1.1% during the 3rd quarter. Comerica Bank now owns 68,203 shares of the company’s stock valued at $4,874,000 after acquiring an additional 759 shares during the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in Tyson Foods by 24.0% during the 3rd quarter. Commonwealth Equity Services Inc now owns 25,652 shares of the company’s stock valued at $1,807,000 after acquiring an additional 4,964 shares during the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the company. Jefferies Group reaffirmed a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Monday, February 12th. Piper Jaffray Companies set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Mizuho set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $76.87.
Tyson Foods, Inc. (TSN) opened at $74.13 on Tuesday. The stock has a market capitalization of $27,331.36, a P/E ratio of 9.75, a PEG ratio of 1.01 and a beta of 0.20. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51.
Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.30. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. research analysts anticipate that Tyson Foods, Inc. will post 6.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is 15.79%.
In related news, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total value of $1,149,593.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Noel W. White sold 24,575 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total value of $1,989,592.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,864 shares of company stock valued at $3,728,554. Company insiders own 1.55% of the company’s stock.
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About Tyson Foods
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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