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.
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