Sheaff Brock Investment Advisors LLC bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,375 shares of the company’s stock, valued at approximately $595,000.
Several other institutional investors and hedge funds have also made changes to their positions in TSN. Geode Capital Management LLC lifted its position 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 acquiring an additional 278,988 shares in the last quarter. Scout Investments Inc. lifted its position 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 acquiring an additional 5,389 shares in the last quarter. Retirement Systems of Alabama lifted its position 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 acquiring an additional 1,022 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in Tyson Foods in the 1st quarter valued at approximately $39,000. Finally, Raymond James Trust N.A. purchased a new stake in Tyson Foods during the 1st quarter valued at $237,000. Institutional investors and hedge funds own 69.03% of the company’s stock.
TSN traded down $1.02 during mid-day trading on Wednesday, reaching $86.80. 43,191 shares of the company traded hands, compared to its average volume of 2,820,587. The firm has a market cap of $32.23 billion, a PE ratio of 14.08 and a beta of 0.50. 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’s fifty day moving average is $82.24. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $89.88.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the consensus estimate of $1.47. The firm had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. Tyson Foods’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 5.96 earnings per share for the current year.
TSN has been the subject of a number of research reports. 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 research note on Friday, June 21st. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets reiterated a “top pick” rating and set a $90.00 target price on shares of Tyson Foods in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of 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. Finally, Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Tyson Foods presently has an average rating of “Buy” and a consensus price target of $80.94.
In other news, insider Sally Grimes sold 57,774 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen R. Stouffer sold 12,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total value 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 90 days. 1.69% of the stock is currently owned by company insiders.
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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