Intact Investment Management Inc. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the company’s stock after selling 1,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Tyson Foods were worth $5,163,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in TSN. Los Angeles Capital Management LLC acquired a new stake in Tyson Foods during the 1st quarter worth $326,000. Keybank National Association OH acquired a new stake in shares of Tyson Foods during the first quarter worth $501,000. Cambridge Investment Research Advisors Inc. increased its holdings in Tyson Foods by 3.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 71,304 shares of the company’s stock valued at $5,298,000 after purchasing an additional 2,344 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Tyson Foods by 5.1% in the first quarter. Oppenheimer & Co. Inc. now owns 21,160 shares of the company’s stock valued at $1,572,000 after buying an additional 1,021 shares during the period. Finally, MAI Capital Management boosted its holdings in Tyson Foods by 63.4% during the first quarter. MAI Capital Management now owns 5,471 shares of the company’s stock worth $407,000 after buying an additional 2,122 shares during the last quarter. Institutional investors own 65.11% of the company’s stock.
In other news, Director Gaurdie E. Jr. Banister sold 20,095 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $82.28, for a total transaction of $1,653,416.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Thurber sold 10,696 shares of the company’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $78.82, for a total transaction of $843,058.72. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.
Shares of Tyson Foods stock opened at $76.22 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 0.80. The firm has a market cap of $27.81 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The stock’s 50-day moving average is $75.93 and its 200-day moving average is $76.36. Tyson Foods, Inc. has a one year low of $55.82 and a one year high of $82.44.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 9th. The company reported $2.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.93. Tyson Foods had a return on equity of 18.28% and a net margin of 5.22%. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter last year, the firm earned $1.40 EPS. Tyson Foods’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods, Inc. will post 7.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be paid a $0.445 dividend. The ex-dividend date is Tuesday, November 30th. This represents a $1.78 annualized dividend and a yield of 2.34%. Tyson Foods’s payout ratio is currently 31.56%.
Tyson Foods Profile
Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.
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