Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 14,880 shares of the company’s stock after purchasing an additional 500 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Tyson Foods were worth $1,201,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. acquired a new position in shares of Tyson Foods in the 1st quarter valued at $25,000. Valeo Financial Advisors LLC acquired a new position in shares of Tyson Foods in the 2nd quarter valued at $32,000. West Oak Capital LLC acquired a new position in shares of Tyson Foods in the 2nd quarter valued at $34,000. Moody National Bank Trust Division acquired a new position in shares of Tyson Foods in the 1st quarter valued at $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of Tyson Foods in the 2nd quarter valued at $40,000. Institutional investors own 69.88% of the company’s stock.
In other Tyson Foods news, EVP Mary Oleksiuk sold 44,967 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total value of $3,466,506.03. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The disclosure for this sale can be found here. Insiders sold a total of 84,433 shares of company stock worth $6,680,525 in the last quarter. 1.69% of the stock is currently owned by company insiders.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 5.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.83%. Tyson Foods’s dividend payout ratio is currently 24.35%.
A number of equities analysts have weighed in on TSN shares. BMO Capital Markets decreased their price target on shares of AKITA Drilling from C$5.00 to C$3.50 in a report on Tuesday, May 7th. Pivotal Research lifted their target price on shares of Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a report on Monday, May 6th. Credit Suisse Group set a $96.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a report on Thursday, June 13th. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $79.10.
About Tyson Foods
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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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