PNC Financial Services Group Inc. lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,605 shares of the company’s stock after selling 9,438 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Sugarloaf Wealth Management LLC boosted its stake in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after buying an additional 208 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Tyson Foods during the 3rd quarter valued at $39,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Tyson Foods during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.
Analyst Upgrades and Downgrades
TSN has been the topic of a number of research reports. Bank of America upgraded shares of 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 report on Tuesday, February 6th. HSBC lifted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets lifted their price target on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.22.
Check Out Our Latest Stock Analysis on Tyson Foods
Tyson Foods Stock Down 1.0 %
Shares of NYSE:TSN opened at $59.71 on Monday. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The firm’s 50-day moving average is $59.36 and its 200 day moving average is $54.90. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53.
Tyson Foods (NYSE:TSN – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 2.56 earnings per share for the current fiscal year.
Tyson Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.
About Tyson Foods
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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Source: defenseworld.net
