Russell Investments Group Ltd. bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, Holdings Channel reports. The fund bought 706,169 shares of the company’s stock, valued at approximately $43,873,000. Russell Investments Group Ltd. owned about 0.19% of Tyson Foods at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Washington Trust Bank boosted its stake in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Tyson Foods during the third quarter valued at $140,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tyson Foods during the second quarter valued at $156,000. Finally, Financial Architects Inc boosted its position in shares of Tyson Foods by 18.1% in the third quarter. Financial Architects Inc now owns 2,170 shares of the company’s stock valued at $162,000 after buying an additional 332 shares in the last quarter. 71.88% of the stock is owned by institutional investors and hedge funds.
Tyson Foods, Inc. (NYSE:TSN) traded up 0.99% during midday trading on Friday, hitting $62.32. The stock had a trading volume of 434,140 shares. The company has a 50-day moving average price of $62.25 and a 200-day moving average price of $68.77. The stock has a market cap of $23.31 billion, a P/E ratio of 13.76 and a beta of 0.09. Tyson Foods, Inc. has a 52 week low of $51.73 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The company had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.38 billion. During the same quarter last year, the company posted $0.83 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post $4.82 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.90 annualized dividend and a yield of 1.46%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. Tyson Foods’s dividend payout ratio is 13.25%.
Several equities analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Tyson Foods in a research note on Thursday, December 1st. They set an “overweight” rating and a $70.00 price target for the company. Vetr raised shares of Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $69.21 price target for the company in a research note on Monday. Royal Bank Of Canada decreased their price target on shares of Tyson Foods from $75.00 to $68.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 22nd. Jefferies Group LLC decreased their price target on shares of Tyson Foods from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, November 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $84.00 price target on shares of Tyson Foods in a research note on Tuesday, November 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has a consensus rating of “Hold” and an average target price of $70.73.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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