Tyson Foods, Inc. (NYSE:TSN) is Eminence Capital LP’s 6th Largest Position

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Eminence Capital LP lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 20.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,337,181 shares of the company’s stock after selling 838,501 shares during the quarter. Tyson Foods accounts for approximately 3.6% of Eminence Capital LP’s holdings, making the stock its 6th biggest position. Eminence Capital LP owned approximately 0.92% of Tyson Foods worth $269,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TSN. Cerebellum GP LLC raised its position in Tyson Foods by 2.7% in the 1st quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock worth $348,000 after buying an additional 130 shares during the last quarter. Savant Capital LLC raised its position in Tyson Foods by 1.6% in the 2nd quarter. Savant Capital LLC now owns 8,750 shares of the company’s stock worth $706,000 after buying an additional 135 shares during the last quarter. Investment Management of Virginia LLC raised its position in Tyson Foods by 1.0% in the 2nd quarter. Investment Management of Virginia LLC now owns 14,104 shares of the company’s stock worth $1,139,000 after buying an additional 140 shares during the last quarter. Empirical Finance LLC raised its position in Tyson Foods by 0.6% in the 1st quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock worth $1,742,000 after buying an additional 160 shares during the last quarter. Finally, Shamrock Asset Management LLC raised its position in Tyson Foods by 2.1% in the 2nd quarter. Shamrock Asset Management LLC now owns 7,771 shares of the company’s stock worth $627,000 after buying an additional 162 shares during the last quarter. 69.51% of the stock is owned by hedge funds and other institutional investors.

In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total transaction of $3,600,699.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sally Grimes sold 57,774 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was 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 owned by insiders.

NYSE TSN traded down $0.44 during mid-day trading on Thursday, hitting $87.83. The stock had a trading volume of 170,403 shares, compared to its average volume of 2,814,720. The company has a 50 day simple moving average of $87.13 and a 200 day simple moving average of $78.47. The company has a market cap of $31.49 billion, a price-to-earnings ratio of 14.26 and a beta of 0.44. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $94.07.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $1.47 EPS for the quarter, meeting the consensus estimate of $1.47. The company had revenue of $10.89 billion for 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%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 5.48 earnings per share for the current fiscal year.

TSN has been the subject of a number of recent analyst reports. Barclays boosted their target price on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Credit Suisse Group boosted their target price on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 price target on shares of Tyson Foods and gave the company a “hold” rating in a research report on Monday, August 12th. Mizuho upped their price target on shares of Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Pivotal Research reiterated a “sell” rating and set a $50.00 price objective on shares of Tyson Foods in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of $85.58.

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

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