MUFG Securities EMEA plc lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 82.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,543 shares of the company’s stock after selling 378,457 shares during the quarter. MUFG Securities EMEA plc’s holdings in Tyson Foods were worth $6,584,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in shares of Tyson Foods by 3.4% during the first quarter. Advisory Services Network LLC now owns 13,961 shares of the company’s stock worth $969,000 after acquiring an additional 453 shares in the last quarter. Meitav Dash Investments Ltd. purchased a new position in shares of Tyson Foods during the first quarter worth approximately $374,000. Burney Co. raised its stake in shares of Tyson Foods by 2.7% during the first quarter. Burney Co. now owns 155,680 shares of the company’s stock worth $10,809,000 after acquiring an additional 4,160 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Tyson Foods in the 2nd quarter worth approximately $24,222,000. Finally, BB&T Securities LLC lifted its holdings in shares of Tyson Foods by 18.1% in the 2nd quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock worth $2,487,000 after acquiring an additional 4,721 shares during the last quarter. Institutional investors own 69.55% of the company’s stock.
TSN stock traded up $0.16 on Wednesday, reaching $81.62. 76,763 shares of the company traded hands, compared to its average volume of 2,667,434. The firm has a fifty day simple moving average of $86.51 and a 200-day simple moving average of $77.65. The company has a market cap of $30.47 billion, a P/E ratio of 13.25 and a beta of 0.44. Tyson Foods, Inc. has a one year low of $49.77 and a one year high of $94.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.
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. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The business had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 5.5 EPS for the current year.
A number of research analysts have recently commented on TSN shares. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Thursday, August 8th. Mizuho increased their price objective on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Credit Suisse Group raised their price objective on Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on shares of Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods presently has an average rating of “Buy” and a consensus target price of $85.58.
In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sally Grimes sold 57,774 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,910,790.00. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
Tyson Foods Profile
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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