Denali Advisors LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,300 shares of the company’s stock after selling 32,100 shares during the quarter. Tyson Foods makes up approximately 1.8% of Denali Advisors LLC’s holdings, making the stock its 7th largest position. Denali Advisors LLC’s holdings in Tyson Foods were worth $12,602,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in TSN. Nuveen Asset Management LLC boosted its position in Tyson Foods by 24,482.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock worth $152,492,000 after acquiring an additional 1,880,992 shares during the period. Boston Partners boosted its position in Tyson Foods by 56.4% during the 2nd quarter. Boston Partners now owns 4,766,243 shares of the company’s stock worth $384,857,000 after acquiring an additional 1,718,237 shares during the period. BlackRock Inc. boosted its position in Tyson Foods by 4.4% during the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after acquiring an additional 872,367 shares during the period. Invesco Ltd. boosted its position in Tyson Foods by 19.1% during the 2nd quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock worth $361,615,000 after acquiring an additional 719,437 shares during the period. Finally, Highline Capital Management L.P. acquired a new position in Tyson Foods during the 2nd quarter worth $52,166,000. Institutional investors and hedge funds own 69.51% of the company’s stock.
In other news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The transaction was disclosed in a filing with the SEC, which is accessible through 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 value of $4,910,790.00. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by insiders.
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 Zacks’ consensus estimate of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Tyson Foods, Inc. will post 5.48 earnings per share for the current year.
A number of research analysts have issued reports on the company. Credit Suisse Group boosted their price target on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stephens set a $95.00 price target on Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $85.58.
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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