Twin Capital Management Inc. cut its position in Tyson Foods, Inc. (NYSE:TSN) by 32.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,600 shares of the company’s stock after selling 39,300 shares during the period. Twin Capital Management Inc.’s holdings in Tyson Foods were worth $6,508,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Kavar Capital Partners LLC bought a new stake in shares of Tyson Foods during the second quarter worth approximately $57,000. Stephens Inc. AR raised its stake in shares of Tyson Foods by 17.3% during the second quarter. Stephens Inc. AR now owns 59,136 shares of the company’s stock worth $4,775,000 after buying an additional 8,729 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Tyson Foods by 53.9% during the second quarter. Advisory Services Network LLC now owns 21,486 shares of the company’s stock worth $1,735,000 after buying an additional 7,525 shares during the last quarter. Keybank National Association OH raised its stake in shares of Tyson Foods by 85.0% during the second quarter. Keybank National Association OH now owns 10,154 shares of the company’s stock worth $820,000 after buying an additional 4,665 shares during the last quarter. Finally, Nkcfo LLC bought a new stake in shares of Tyson Foods during the second quarter worth approximately $218,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.
A number of research firms recently weighed in on TSN. Mizuho boosted their price target on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Standpoint Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Zacks Investment Research raised 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. JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research note on Monday. Finally, Credit Suisse Group upped their target price on shares of Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned 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 a consensus price target of $82.86.
Shares of Tyson Foods stock traded up $2.51 on Thursday, hitting $88.27. The company had a trading volume of 74,515 shares, compared to its average volume of 2,823,610. The company has a market capitalization of $32.19 billion, a price-to-earnings ratio of 14.34 and a beta of 0.50. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $89.88. 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 company has a 50-day simple moving average of $82.31.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.95 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. As a group, equities analysts predict that Tyson Foods, Inc. will post 5.96 EPS for the current fiscal year.
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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