PNC Financial Services Group Inc. trimmed its position in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,043 shares of the company’s stock after selling 2,427 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,931,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Check Capital Management Inc. CA bought a new stake in shares of Tyson Foods during the 3rd quarter worth $204,000. Markel Group Inc. boosted its stake in shares of Tyson Foods by 28.3% in the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after purchasing an additional 127,500 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Tyson Foods by 26.7% during the 2nd quarter. LPL Financial LLC now owns 256,993 shares of the company’s stock valued at $13,117,000 after purchasing an additional 54,143 shares during the last quarter. Triumph Capital Management increased its position in Tyson Foods by 41.7% during the 2nd quarter. Triumph Capital Management now owns 22,916 shares of the company’s stock worth $1,170,000 after purchasing an additional 6,740 shares in the last quarter. Finally, ING Groep NV lifted its stake in Tyson Foods by 262.1% in the 3rd quarter. ING Groep NV now owns 35,836 shares of the company’s stock valued at $1,809,000 after purchasing an additional 25,938 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.
Tyson Foods Trading Down 0.7 %
TSN opened at $53.67 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $53.72 and a 200-day moving average price of $51.36. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.49.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 2.34 EPS for the current year.
Tyson Foods Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is presently -79.35%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Citigroup began coverage on shares of Tyson Foods in a report on Thursday, February 1st. They set a “neutral” rating and a $56.00 price target for the company. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Barclays increased their price objective on Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.60.
Check Out Our Latest Analysis on TSN
Tyson Foods Company Profile
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.
See Also
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Source: defenseworld.net
