Breiter Capital Management Inc. increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,864 shares of the company’s stock after purchasing an additional 198 shares during the quarter. Breiter Capital Management Inc.’s holdings in Tyson Foods were worth $989,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Barnett & Company Inc. acquired a new stake in Tyson Foods in the 4th quarter worth approximately $25,000. Alpha Windward LLC acquired a new stake in Tyson Foods in the 4th quarter worth approximately $29,000. FinTrust Capital Advisors LLC lifted its holdings in Tyson Foods by 252.3% in the 4th quarter. FinTrust Capital Advisors LLC now owns 384 shares of the company’s stock worth $35,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Tyson Foods by 53.2% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock worth $43,000 after purchasing an additional 173 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in Tyson Foods by 143.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 605 shares of the company’s stock worth $48,000 after purchasing an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.
Shares of NYSE:TSN opened at $87.96 on Friday. The business’s fifty day moving average price is $90.07 and its two-hundred day moving average price is $86.31. Tyson Foods, Inc. has a fifty-two week low of $58.20 and a fifty-two week high of $94.24. The stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.13 and a beta of 0.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 6.75 EPS for the current fiscal year.
Several research firms recently weighed in on TSN. Zacks Investment Research lowered Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a report on Thursday, November 14th. ValuEngine lowered Tyson Foods from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their target price on Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stephens lowered Tyson Foods from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a report on Thursday, January 16th. Finally, Bank of America started coverage on Tyson Foods in a report on Friday, October 25th. They set a “buy” rating and a $97.00 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $88.83.
In other news, EVP Mary Oleksiuk sold 28,382 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $92.22, for a total transaction of $2,617,388.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen R. Stouffer sold 15,723 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $90.16, for a total value of $1,417,585.68. The disclosure for this sale can be found here. Insiders sold 61,562 shares of company stock worth $5,628,540 over the last quarter. 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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