Balasa Dinverno & Foltz LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,340 shares of the company’s stock after acquiring an additional 2,229 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Tyson Foods were worth $1,580,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in TSN. Advisors Preferred LLC bought a new position in shares of Tyson Foods during the second quarter valued at $26,000. Valeo Financial Advisors LLC bought a new position in Tyson Foods during the second quarter worth $32,000. West Oak Capital LLC bought a new position in Tyson Foods during the second quarter worth $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 raised its stake 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 buying an additional 352 shares during the last quarter. 69.02% of the stock is owned by hedge funds and other institutional investors.
In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $92.22, for a total value of $2,617,388.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.69% of the stock is owned by insiders.
Tyson Foods stock traded up $0.29 during midday trading on Wednesday, hitting $89.24. 1,777,860 shares of the stock were exchanged, compared to its average volume of 2,719,114. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $94.11. The stock has a market capitalization of $32.58 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.42 and a beta of 0.44. The business’s 50-day moving average price is $85.15 and its 200-day moving average price is $83.93. The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.
Tyson Foods (NYSE:TSN) last released its earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.02). The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, sell-side analysts predict that Tyson Foods, Inc. will post 6.56 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on TSN shares. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a research note on Thursday, November 14th. Stephens set a $95.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Bank of America assumed coverage on shares of Tyson Foods in a research note on Friday, October 25th. They issued a “buy” rating and a $97.00 price target for the company. Finally, ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of $88.83.
About Tyson Foods
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.
Further Reading: Percentage Decliners
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