Robecosam AG lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 22.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,856 shares of the company’s stock after selling 4,385 shares during the period. Robecosam AG’s holdings in Tyson Foods were worth $1,183,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of TSN. Boston Partners lifted its holdings in shares of Tyson Foods by 68.6% during the first quarter. Boston Partners now owns 3,048,006 shares of the company’s stock worth $211,623,000 after purchasing an additional 1,240,164 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Tyson Foods during the first quarter worth $42,112,000. AJO LP lifted its holdings in shares of Tyson Foods by 25.4% during the first quarter. AJO LP now owns 2,983,246 shares of the company’s stock worth $207,127,000 after purchasing an additional 604,694 shares during the period. Rubric Capital Management LP acquired a new position in shares of Tyson Foods during the first quarter worth $29,904,000. Finally, LSV Asset Management lifted its holdings in shares of Tyson Foods by 6.1% during the first quarter. LSV Asset Management now owns 6,769,224 shares of the company’s stock worth $469,987,000 after purchasing an additional 387,480 shares during the period. Institutional investors own 69.03% of the company’s stock.
In other news, insider Stephen R. Stouffer sold 12,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $83.02, for a total transaction of $996,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mary Oleksiuk sold 43,592 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total transaction of $3,600,699.20. The disclosure for this sale can be found here. Insiders have sold 113,366 shares of company stock worth $9,507,729 in the last quarter. Company insiders own 1.69% of the company’s stock.
A number of equities analysts have recently commented on TSN shares. Pivotal Research reiterated a “sell” rating and set a $50.00 price target on shares of Tyson Foods in a report on Monday, August 5th. BMO Capital Markets restated a “top pick” rating and issued a $90.00 target price on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on shares of Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. 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. Finally, Standpoint Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Buy” and an average price target of $80.94.
TSN stock traded down $1.02 during midday trading on Wednesday, hitting $86.80. The stock had a trading volume of 43,191 shares, compared to its average volume of 2,820,587. The firm has a market cap of $32.23 billion, a price-to-earnings ratio of 14.08 and a beta of 0.50. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $89.88. The company’s fifty day moving average price is $82.24.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the 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 quarter in the previous year, the business earned $1.50 earnings per share. Tyson Foods’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Tyson Foods, Inc. will post 5.96 EPS for the current fiscal year.
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.
Featured Story: Why is the price-sales ratio important?
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.