Intact Investment Management Inc. Invests $2.23 Million in Tyson Foods, Inc. (TSN)

Intact Investment Management Inc. acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 37,400 shares of the company’s stock, valued at approximately $2,226,000.

Several other large investors also recently bought and sold shares of TSN. BerganKDV Wealth Management LLC acquired a new stake in Tyson Foods during the 2nd quarter worth approximately $103,000. Trust Department MB Financial Bank N A acquired a new stake in Tyson Foods during the 2nd quarter worth approximately $106,000. MUFG Americas Holdings Corp lifted its holdings in Tyson Foods by 99.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after buying an additional 858 shares in the last quarter. Fort L.P. acquired a new stake in Tyson Foods during the 2nd quarter worth approximately $119,000. Finally, Cerebellum GP LLC acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $170,000. 70.35% of the stock is owned by hedge funds and other institutional investors.

NYSE TSN opened at $61.56 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $22.13 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.91 and a beta of 0.14. Tyson Foods, Inc. has a 12 month low of $56.79 and a 12 month high of $84.65.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.17. The firm had revenue of $10.05 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.28 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 5.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.

A number of research firms have issued reports on TSN. reiterated a “sell” rating on shares of Tyson Foods in a report on Thursday, July 5th. ValuEngine lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Monday, September 17th. Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Mizuho set a $82.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.56.

Tyson Foods 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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