Signition LP Buys New Stake in Tyson Foods, Inc. (TSN)

Signition LP bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,815 shares of the company’s stock, valued at approximately $400,000.

A number of other large investors have also modified their holdings of the stock. Dean Capital Investments Management LLC purchased a new position in Tyson Foods in the 2nd quarter worth $513,000. Nomura Asset Management Co. Ltd. raised its position in Tyson Foods by 2.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 118,936 shares of the company’s stock worth $8,189,000 after purchasing an additional 3,253 shares during the period. Vestpro Financial Partners Inc. dba CPF Texas raised its position in Tyson Foods by 51.5% in the 2nd quarter. Vestpro Financial Partners Inc. dba CPF Texas now owns 8,246 shares of the company’s stock worth $568,000 after purchasing an additional 2,802 shares during the period. Sei Investments Co. raised its position in Tyson Foods by 17.1% in the 2nd quarter. Sei Investments Co. now owns 646,539 shares of the company’s stock worth $44,515,000 after purchasing an additional 94,635 shares during the period. Finally, AlphaMark Advisors LLC raised its position in Tyson Foods by 2.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 43,136 shares of the company’s stock worth $2,970,000 after purchasing an additional 870 shares during the period. Institutional investors own 71.79% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Mizuho set a $87.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, July 25th. Barclays cut their price target on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, July 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 price target on shares of Tyson Foods in a report on Tuesday, July 31st. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a report on Tuesday, July 31st. Finally, Morgan Stanley cut their price target on shares of Tyson Foods to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $71.11.

Shares of Tyson Foods opened at $60.18 on Friday, MarketBeat reports. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.93 and a beta of 0.05. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.69 and a current ratio of 1.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.17. The business had revenue of $10.05 billion for the quarter, compared to analyst estimates of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. research analysts expect that Tyson Foods, Inc. will post 5.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. Tyson Foods’s payout ratio is 22.60%.

In other news, CEO Thomas P. Hayes sold 20,202 shares of Tyson Foods stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sally Grimes sold 19,258 shares of Tyson Foods stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The disclosure for this sale can be found here. Insiders have sold a total of 39,610 shares of company stock worth $2,727,593 in the last ninety days. Insiders own 2.65% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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