Callahan Advisors LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

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Callahan Advisors LLC grew its position in Tyson Foods, Inc. (NYSE:TSN) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,598 shares of the company’s stock after buying an additional 6,154 shares during the period. Callahan Advisors LLC’s holdings in Tyson Foods were worth $2,808,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $26,000. Valeo Financial Advisors LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $32,000. West Oak Capital LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $34,000. Next Capital Management LLC acquired a new stake in Tyson Foods during the 2nd quarter worth approximately $35,000. Finally, Advantage Investment Management LLC lifted its holdings in Tyson Foods by 283.9% during the 2nd quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 352 shares in the last quarter. 69.61% of the stock is owned by hedge funds and other institutional investors.

Shares of TSN traded down $1.45 during midday trading on Monday, reaching $80.97. The stock had a trading volume of 1,867,400 shares, compared to its average volume of 2,745,096. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $94.07. The company’s fifty day simple moving average is $84.89 and its two-hundred day simple moving average is $81.49. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 13.14 and a beta of 0.44. 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 announced its quarterly earnings data on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.47. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same period last year, the business earned $1.50 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 5.48 earnings per share for the current year.

A number of equities research analysts have issued reports on TSN shares. ValuEngine lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Thursday, August 8th. Mizuho increased their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Stephens set a $95.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the stock a “hold” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods presently has a consensus rating of “Buy” and an average price target of $85.58.

In other news, EVP Mary Oleksiuk sold 43,592 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the firm’s stock in a transaction on 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. 1.69% of the stock is currently owned by company insiders.

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

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