Lumbard & Kellner LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,875 shares of the company’s stock after purchasing an additional 150 shares during the period. Tyson Foods accounts for 1.4% of Lumbard & Kellner LLC’s portfolio, making the stock its 29th largest position. Lumbard & Kellner LLC’s holdings in Tyson Foods were worth $2,497,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Tyson Foods by 2,404.6% during the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after purchasing an additional 18,294,771 shares in the last quarter. State Street Corp increased its stake in shares of Tyson Foods by 0.9% during the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after purchasing an additional 120,056 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tyson Foods by 7.3% during the first quarter. Ameriprise Financial Inc. now owns 7,419,216 shares of the company’s stock valued at $457,839,000 after purchasing an additional 506,267 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after purchasing an additional 558,104 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Tyson Foods by 3.3% during the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after purchasing an additional 171,600 shares in the last quarter. 70.85% of the stock is owned by institutional investors and hedge funds.
Tyson Foods, Inc. (NYSE:TSN) traded up 0.24% during midday trading on Monday, reaching $65.55. 414,732 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $64.14 and its 200-day moving average is $62.18. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 13.82 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
TSN has been the subject of a number of analyst reports. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC started coverage on shares of Tyson Foods in a research report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price target for the company. Mizuho started coverage on shares of Tyson Foods in a research report on Wednesday, June 7th. They set a “buy” rating and a $71.00 price target for the company. Vertical Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, BMO Capital Markets reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.79.
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In related news, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
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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