Cypress Capital Group boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,237 shares of the company’s stock after purchasing an additional 20 shares during the quarter. Cypress Capital Group’s holdings in Tyson Foods were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Counselors Inc. increased its holdings in Tyson Foods by 0.3% during the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after purchasing an additional 15 shares during the period. CrestPoint Capital Management LLC increased its holdings in Tyson Foods by 0.5% during the 2nd quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after purchasing an additional 100 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Tyson Foods by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 30,905 shares of the company’s stock worth $1,907,000 after purchasing an additional 146 shares during the period. Montecito Bank & Trust increased its holdings in Tyson Foods by 3.7% during the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock worth $260,000 after purchasing an additional 147 shares during the period. Finally, Lumbard & Kellner LLC increased its holdings in Tyson Foods by 0.4% during the 2nd quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock worth $2,497,000 after purchasing an additional 150 shares during the period. Institutional investors own 71.89% of the company’s stock.
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Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. Tyson Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In other Tyson Foods news, Director Mikel A. Durham bought 2,809 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $9,572,247.00. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
Several research firms have commented on TSN. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective on the stock in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $77.00 target price (up previously from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Jefferies Group LLC increased their target price on Tyson Foods from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Credit Suisse Group reaffirmed a “neutral” rating and set a $75.00 target price (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. Finally, Barclays PLC increased their target price on Tyson Foods from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.96.
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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