Eminence Capital LP Has $269.44 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Eminence Capital LP lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,337,181 shares of the company’s stock after selling 838,501 shares during the quarter. Tyson Foods makes up approximately 3.6% of Eminence Capital LP’s investment portfolio, making the stock its 6th biggest holding. Eminence Capital LP’s holdings in Tyson Foods were worth $269,444,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. Zions Bancorporation N.A. purchased a new position in shares of Tyson Foods in the first quarter worth about $25,000. Advisors Preferred LLC acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $26,000. Valeo Financial Advisors LLC acquired a new stake in shares of Tyson Foods in the 2nd quarter valued at about $32,000. West Oak Capital LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $34,000. Finally, Next Capital Management LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 69.51% of the company’s stock.

A number of analysts have recently issued reports on the company. Credit Suisse Group lifted their target price on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Stephens set a $95.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the stock a “hold” rating in a research note on Monday, August 12th. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. One research 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.58.

Shares of NYSE TSN traded down $0.44 during midday trading on Thursday, reaching $87.83. 170,403 shares of the stock traded hands, compared to its average volume of 2,814,720. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. The stock has a market capitalization of $31.49 billion, a PE ratio of 14.26 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’s 50 day moving average is $87.13 and its 200 day moving average is $78.47.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $10.95 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Tyson Foods, Inc. will post 5.48 EPS for the current year.

In other news, insider Sally Grimes sold 57,774 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.

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

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