Louisiana State Employees Retirement System trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,800 shares of the company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Tyson Foods were worth $1,204,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in Tyson Foods in the first quarter worth $25,000. Valeo Financial Advisors LLC purchased a new position in shares of Tyson Foods in the second quarter valued at about $32,000. West Oak Capital LLC purchased a new position in shares of Tyson Foods in the second quarter valued at about $34,000. Moody National Bank Trust Division purchased a new position in shares of Tyson Foods in the first quarter valued at about $31,000. Finally, Global Retirement Partners LLC increased its position in shares of Tyson Foods by 100.0% in the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 253 shares during the period. 69.03% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on TSN. Standpoint Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Thursday, August 8th. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the stock a “hold” rating in a research note on Monday. Finally, Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $82.86.
Tyson Foods (NYSE:TSN) last posted its 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%. Tyson Foods’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $1.50 earnings per share. On average, research analysts expect that Tyson Foods, Inc. will post 5.96 EPS for the current year.
In other Tyson Foods news, insider Sally Grimes sold 57,774 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,910,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of the 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 disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
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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