Elo Mutual Pension Insurance Co increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,219 shares of the company’s stock after purchasing an additional 298 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Tyson Foods were worth $1,577,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Busey Wealth Management raised its holdings in Tyson Foods by 10.8% during the first quarter. Busey Wealth Management now owns 133,290 shares of the company’s stock worth $9,903,000 after purchasing an additional 12,943 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Tyson Foods by 4.5% in the first quarter. BlackRock Inc. now owns 21,335,932 shares of the company’s stock worth $1,585,259,000 after acquiring an additional 913,437 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tyson Foods by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,912,949 shares of the company’s stock worth $252,123,000 after acquiring an additional 121,840 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tyson Foods by 23.4% in the first quarter. Pacer Advisors Inc. now owns 101,016 shares of the company’s stock worth $7,505,000 after acquiring an additional 19,164 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Tyson Foods by 12.6% in the first quarter. Russell Investments Group Ltd. now owns 776,623 shares of the company’s stock worth $57,709,000 after acquiring an additional 86,688 shares during the last quarter. 64.42% of the stock is owned by hedge funds and other institutional investors.
In other Tyson Foods news, insider Shane Miller sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $77.00, for a total transaction of $385,000.00. Following the completion of the sale, the insider now owns 12,934 shares of the company’s stock, valued at $995,918. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.82% of the stock is currently owned by insiders.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 10th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.23. Tyson Foods had a return on equity of 15.26% and a net margin of 5.00%. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 6.1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, August 31st. Tyson Foods’s dividend payout ratio (DPR) is presently 31.56%.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group boosted their price target on Tyson Foods from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, May 11th. Barclays boosted their price target on Tyson Foods from $83.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 13th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Wednesday, May 19th. BMO Capital Markets lifted their price objective on Tyson Foods from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, May 11th. Finally, Piper Sandler lifted their price objective on Tyson Foods from $77.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, May 17th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $82.71.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
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