Signaturefd LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 16.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,433 shares of the company’s stock after buying an additional 488 shares during the quarter. Signaturefd LLC’s holdings in Tyson Foods were worth $277,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Tyson Foods by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after purchasing an additional 278,988 shares in the last quarter. Scout Investments Inc. boosted its holdings in Tyson Foods by 5.3% in the 1st quarter. Scout Investments Inc. now owns 106,301 shares of the company’s stock valued at $7,380,000 after purchasing an additional 5,389 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Tyson Foods by 0.7% in the 1st quarter. Retirement Systems of Alabama now owns 137,486 shares of the company’s stock valued at $9,546,000 after purchasing an additional 1,022 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new stake in Tyson Foods in the 1st quarter valued at approximately $39,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Tyson Foods during the 1st quarter valued at approximately $237,000. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total transaction of $3,600,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were 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 113,366 shares of company stock valued at $9,507,729 over the last ninety days. 1.69% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on TSN shares. Pivotal Research reiterated a “sell” rating and set a $50.00 price target on shares of Tyson Foods in a research report on Monday, August 5th. Piper Jaffray Companies lifted their price target on shares of Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a research report on Monday, May 6th. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, May 14th. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Mizuho lifted their price target on shares of Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.94.
TSN stock traded down $0.79 during midday trading on Wednesday, hitting $87.03. The stock had a trading volume of 27,422 shares, compared to its average volume of 2,820,587. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 14.08 and a beta of 0.50. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 12-month low of $49.77 and a 12-month high of $89.88. The business has a 50-day moving average price of $82.24.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The firm had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.95 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. Tyson Foods’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 5.96 EPS for the current fiscal year.
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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