Montrusco Bolton Investments Inc. Bought 149,352 Shares of Tyson Foods, Inc. (TSN)

Montrusco Bolton Investments Inc. Bought 149,352 Shares of Tyson Foods, Inc. (TSN)

Montrusco Bolton Investments Inc. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 71.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 359,087 shares of the company’s stock after purchasing an additional 149,352 shares during the quarter. Tyson Foods accounts for 1.3% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Tyson Foods were worth $21,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TLP Group LLC lifted its position in Tyson Foods by 33.6% in the 1st quarter. TLP Group LLC now owns 3,074 shares of the company’s stock valued at $225,000 after acquiring an additional 773 shares in the last quarter. RDL Financial Inc. lifted its position in shares of Tyson Foods by 3.9% during the 2nd quarter. RDL Financial Inc. now owns 21,356 shares of the company’s stock worth $1,470,000 after buying an additional 795 shares in the last quarter. BDO Wealth Advisors LLC lifted its position in shares of Tyson Foods by 7.2% during the 2nd quarter. BDO Wealth Advisors LLC now owns 11,975 shares of the company’s stock worth $824,000 after buying an additional 802 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Tyson Foods by 10.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,257 shares of the company’s stock worth $637,000 after buying an additional 839 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its position in shares of 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. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of TSN stock opened at $62.83 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65. The company has a market cap of $21.79 billion, a PE ratio of 11.83, a P/E/G ratio of 0.92 and a beta of 0.14.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The company had revenue of $10.05 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the business posted $1.28 EPS. Tyson Foods’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Tyson Foods, Inc. will post 5.89 earnings per share for the current fiscal year.

The business also recently declared 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 annualized dividend and a dividend yield of 1.91%. Tyson Foods’s payout ratio is currently 22.60%.

Several equities analysts have commented on the stock. reissued a “sell” rating on shares of Tyson Foods in a research report on Thursday, July 5th. ValuEngine cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, September 17th. Zacks Investment Research cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, Mizuho set a $82.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $75.40.

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.

Further Reading: Momentum Indicator: Relative Strength Index

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Related posts

Leave a Comment