DekaBank Deutsche Girozentrale trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 44,184 shares of the company’s stock after selling 26,063 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Tyson Foods were worth $3,607,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in TSN. Advisory Services Network LLC lifted its position in shares of Tyson Foods by 53.9% during the second quarter. Advisory Services Network LLC now owns 21,486 shares of the company’s stock worth $1,735,000 after purchasing an additional 7,525 shares in the last quarter. Keybank National Association OH raised its holdings in Tyson Foods by 85.0% during the 2nd quarter. Keybank National Association OH now owns 10,154 shares of the company’s stock worth $820,000 after purchasing an additional 4,665 shares during the last quarter. Nkcfo LLC acquired a new position in Tyson Foods during the 2nd quarter valued at about $218,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $595,000. Finally, Biltmore Family Office LLC bought a new stake in shares of Tyson Foods during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 69.55% of the company’s stock.
TSN has been the topic of a number of analyst reports. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Thursday, August 8th. Stephens set a $95.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, September 4th. 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, August 12th. Mizuho increased their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Tyson Foods has an average rating of “Buy” and an average price target of $85.58.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $10.95 billion. During the same period in the previous year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 5.5 EPS for the current fiscal year.
In related news, insider Sally Grimes sold 57,774 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction dated Tuesday, August 6th. The stock was 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. 1.69% of the stock is currently owned by company insiders.
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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