Scout Investments Inc. Has $20.10 Million Stake in Tyson Foods, Inc. (TSN)

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Scout Investments Inc. lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 56.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 337,570 shares of the company’s stock after buying an additional 122,352 shares during the period. Scout Investments Inc.’s holdings in Tyson Foods were worth $20,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. RDL Financial Inc. grew its position in shares of Tyson Foods by 3.9% in 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 during the last quarter. BDO Wealth Advisors LLC grew its position in shares of Tyson Foods by 7.2% in 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 during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Tyson Foods by 10.0% in 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 during the last quarter. Biltmore Wealth Management LLC grew its position in shares of Tyson Foods by 12.0% in the 3rd quarter. Biltmore Wealth Management LLC now owns 7,868 shares of the company’s stock worth $468,000 after buying an additional 845 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its position in shares of Tyson Foods by 99.3% in 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 during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on TSN shares. Barclays cut their price objective on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Tuesday, July 31st. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a research report on Monday, August 6th. BMO Capital Markets cut their price objective on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and a consensus target price of $74.60.

NYSE:TSN opened at $62.03 on Wednesday. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.92 and a beta of 0.14. Tyson Foods, Inc. has a twelve month low of $56.79 and a twelve month high of $84.65. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.17. The company had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. Tyson Foods’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.93%. Tyson Foods’s dividend payout ratio is presently 22.60%.

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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