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Horrell Capital Management Inc. bought a new position in Tyson Foods, Inc. (NYSE: TSN) in the second quarter, according to the company The institutional investor bought 30,810 shares of the company , valued at approximately $ 2,121,000
. BerganKDV Wealth Management LLC purchased a new position in Tyson Foods shares during the second quarter valued at approximately $ 103,000. MB Financial Bank NA Trust Department purchased a new Tyson Foods stock position during the second quarter evaluated at approximately $ 106,000. Inc. bought a new position in shares of Tyson Foods during the first quarter of about $ 209,000 TLP Group LLC increased its stake in Tyson Foods shares by 33.6% during the first quarter. TLP Group LLC now holds 3,074 shares of the Company valued at $ 225,000 after purchasing 773 additional shares in the last quarter. Northwest Wealth Management LLC purchased a new position in Tyson Foods shares during the second quarter, valued at approximately $ 216,000. Hedge funds and other institutional investors own 71.88% of the company's shares.
In other news from Tyson Foods, CEO Thomas P. Hayes sold 20,202 shares of the stock during a transaction on Sunday, July 1. The stock was sold at an average price of $ 68.85, for a total value of $ 1,390,907.70. The sale was disclosed in a document filed with the SEC, which is available via this link. In addition, Sally Grimes sold 19,258 shares of the transaction on Sunday, July 1st. The stock was sold at an average price of $ 68.85, for a total value of $ 1,325,913.30. The disclosure for this sale can be found here. Insiders sold 39,610 shares valued at $ 2,727,593 over the last ninety days. 1.55% of the stock is held by insiders.
Tyson Foods fell $ 1.09 to $ 57.63 during trading hours Tuesday, according to MarketBeat. 387,454 shares were exchanged for an average volume of 2,160,881 shares. Tyson Foods, Inc. has a 12-month low of $ 58.33 and a 12-month high of $ 84.65. The stock has a market capitalization of 23.39 billion, a capitalization ratio of 10.93, a price / earnings ratio of 0.88 and a beta of 0.19. The company has a debt ratio of 0.73, a ratio of 1.56 and a ratio of 0.69.
Tyson Foods (NYSE: TSN) last announced its quarterly results on Monday, May 7. The company posted earnings per share (EPS) of $ 1.27 for the quarter, with the exception of Thomson Reuters' consensus estimate of $ 1.31 ($ 0.04). Tyson Foods reported a return on equity of 19.10% and a net margin of 6.97%. The company achieved a turnover of $ 9.77 billion for the quarter, compared to a consensus estimate of $ 9.86 billion. In the same quarter last year, the company earned $ 1.01 per share. The business business figure for the quarter is up 7.6% over the same quarter of last year. Research badysts predict that Tyson Foods, Inc. will post a profit of 6.57 per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 14. Shareholders of record on Friday, August 31 will receive a dividend of $ 0.30. This represents an annualized dividend of $ 1.20 and a return of 2.08%. The ex-dividend date is Thursday, August 30th. Tyson Foods' dividend payout ratio is currently 22.60%.
TSN has been the subject of several reports by research badysts. Royal Bank of Canada reduced its target price on Tyson Foods to $ 83.00 and set a "cut" rating for the company in a research note on Tuesday, April 17. Zacks Investment Research lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Monday, April 30th. Sanford C. Bernstein badumed the cover of Tyson Foods in a research note on Thursday, May 10. They established an "outperformance" for the company. Credit Suisse Group has set a price target of $ 71.00 on Tyson Foods and awarded a "hold" rating in a research note on Tuesday, May 8th. Finally, ValuEngine ranked Tyson Foods from a "buy" rating to a "hold" rating in a research note on Monday, April 2nd. Four equity research badysts rated the stock with a sales note, seven badigned a reserve rating and ten gave a buy-to-action rating. Tyson Foods has an average rating of "Hold" and an average target price of $ 72.55
Tyson Foods Profile
Tyson Foods, Inc., along with its affiliates, operates as a food company in the whole world. 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; transforms live fattened and live pigs; and manufactures beef and pork carcbades dressed in primary and sub-primary cuts of meat, as well as ready-to-eat beef and pork and cooked meats
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