Gulf International Bank UK Ltd decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 10.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,997 shares of the company’s stock after selling 594 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Tyson Foods were worth $430,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in shares of Tyson Foods in the second quarter valued at approximately $26,000. Valeo Financial Advisors LLC bought a new position in shares of Tyson Foods in the second quarter valued at approximately $32,000. West Oak Capital LLC bought a new position in shares of Tyson Foods in the second quarter valued at approximately $34,000. Next Capital Management LLC bought a new position in Tyson Foods during the second quarter worth $35,000. Finally, Advantage Investment Management LLC increased its position in Tyson Foods by 283.9% during the second quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock worth $38,000 after acquiring an additional 352 shares during the period. 69.51% of the stock is currently owned by institutional investors.
In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods 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 filing with the SEC, which is accessible through this link. Also, insider Sally Grimes sold 57,774 shares of Tyson Foods 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.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.47. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The firm 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 company earned $1.50 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 5.48 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Stephens set a $95.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Mizuho boosted their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Pivotal Research reaffirmed a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a research report on Monday, August 5th. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average 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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