Hexavest Inc. maintained its position in shares of Tyson Foods Inc. (NYSE:TSN) during the third quarter, Holdings Channel reports. The firm owned 10,928 shares of the company’s stock at the end of the third quarter. Hexavest Inc.’s holdings in Tyson Foods were worth $816,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Tyson Foods by 4.8% in the second quarter. Vanguard Group Inc. now owns 28,226,216 shares of the company’s stock valued at $1,885,228,000 after buying an additional 1,298,587 shares in the last quarter. State Street Corp raised its position in shares of Tyson Foods by 0.4% in the second quarter. State Street Corp now owns 12,906,720 shares of the company’s stock valued at $862,034,000 after buying an additional 54,228 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Tyson Foods by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,589,898 shares of the company’s stock valued at $573,719,000 after buying an additional 483,951 shares in the last quarter. 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 valued at $534,307,000 after buying an additional 79,878 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Tyson Foods by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 7,573,609 shares of the company’s stock valued at $505,853,000 after buying an additional 655,290 shares in the last quarter. 73.44% of the stock is owned by institutional investors and hedge funds.
Tyson Foods Inc. (NYSE:TSN) traded up 1.69% during midday trading on Friday, reaching $59.65. The company had a trading volume of 2,783,869 shares. Tyson Foods Inc. has a 1-year low of $48.52 and a 1-year high of $77.05. The firm has a 50-day moving average of $68.30 and a 200 day moving average of $69.61. The company has a market capitalization of $22.37 billion, a P/E ratio of 13.17 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the previous year, the company posted $0.83 EPS. Tyson Foods’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods Inc. will post $4.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.225 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.51%. Tyson Foods’s dividend payout ratio is presently 13.25%.
Several equities analysts have recently weighed in on TSN shares. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, August 9th. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Credit Suisse Group AG reduced their price target on Tyson Foods from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, November 22nd. Vetr downgraded Tyson Foods from a “hold” rating to a “sell” rating and set a $67.00 price target for the company. in a report on Monday, October 31st. Finally, BMO Capital Markets upgraded Tyson Foods from a “market perform” rating to an “outperform” rating and raised their price target for the company from $70.50 to $84.00 in a report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $69.41.
About Tyson Foods
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.