Todays Report: The Royal London Asset Management Ltd. Sold shares of Tyson Foods Inc. (TSN)

The Royal London Asset Management Ltd. Sold shares of Tyson Foods Inc. (TSN)

Royal London Asset Management Ltd. decreased its position in shares of Tyson Foods Inc. (NYSE:TSN) by 98.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,681 shares of the company’s stock after selling 4,858,062 shares during the period. Royal London Asset Management Ltd.’s holdings in Tyson Foods were worth $6,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 7,999,802 shares of the company’s stock worth $534,307,000 after buying an additional 79,878 shares during the period. Bank of Montreal Can acquired a new position in shares of Tyson Foods during the second quarter worth about $169,614,000. Hermes Investment Management Ltd. raised its position in shares of Tyson Foods by 3.0% in the second quarter. Hermes Investment Management Ltd. now owns 1,211,924 shares of the company’s stock worth $80,944,000 after buying an additional 35,400 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Tyson Foods by 12.5% in the first quarter. UBS Asset Management Americas Inc. now owns 881,512 shares of the company’s stock worth $58,762,000 after buying an additional 97,819 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Tyson Foods by 0.6% in the second quarter. New York State Teachers Retirement System now owns 618,100 shares of the company’s stock worth $41,283,000 after buying an additional 3,699 shares during the period. Hedge funds and other institutional investors own 74.12% of the company’s stock.

Shares of Tyson Foods Inc. (NYSE:TSN) traded up 1.20% during mid-day trading on Friday, hitting $69.74. The company had a trading volume of 2,150,109 shares. Tyson Foods Inc. has a 12 month low of $42.89 and a 12 month high of $77.05. The company has a market cap of $26.64 billion, a PE ratio of 16.96 and a beta of 0.26. The firm has a 50-day moving average of $72.64 and a 200-day moving average of $69.43.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Tyson Foods’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts expect that Tyson Foods Inc. will post $4.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio is presently 14.53%.

TSN has been the topic of a number of research reports. Pivotal Research restated a “buy” rating and issued a $100.00 price objective on shares of Tyson Foods in a report on Wednesday, August 10th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, August 9th. Jefferies Group raised their price objective on Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Finally, Vetr upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $68.87 price objective on the stock in a report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.42.

In related news, SVP Curt Calaway sold 21,200 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $74.79, for a total transaction of $1,585,548.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Donald Smith sold 38,006 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $75.20, for a total value of $2,858,051.20. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.

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