National Bank of Canada FI raised its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 33.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310,524 shares of the company's stock after purchasing an additional 77,297 shares during the quarter. National Bank of Canada FI owned 0.09% of Tyson Foods worth $19,815,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Park Square Financial Group LLC bought a new position in Tyson Foods in the fourth quarter worth approximately $25,000. Curat Global LLC acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $28,000. Ossiam lifted its holdings in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the period. Rossby Financial LCC purchased a new stake in shares of Tyson Foods during the 1st quarter worth about $53,000. Finally, Transce3nd LLC purchased a new stake in shares of Tyson Foods during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 67.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Stephens decreased their target price on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.33.
View Our Latest Analysis on Tyson Foods
Tyson Foods Stock Up 0.6%
TSN traded up $0.31 during trading hours on Friday, reaching $56.61. 557,225 shares of the stock traded hands, compared to its average volume of 2,715,424. The firm's fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $57.56. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 0.79 and a beta of 0.59. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.
Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. As a group, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.
Tyson Foods Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Tyson Foods's payout ratio is currently 90.91%.
Tyson Foods declared that its board has authorized a stock repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.
Tyson Foods Profile
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Free Report)
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.
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