Kavar Capital Partners LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 700 shares of the company’s stock, valued at approximately $57,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. Zions Bancorporation N.A. bought a new stake in shares of Tyson Foods in the first quarter worth $25,000. Valeo Financial Advisors LLC bought a new stake in shares of Tyson Foods in the second quarter worth $32,000. West Oak Capital LLC bought a new stake in shares of Tyson Foods in the second quarter worth $34,000. Global Retirement Partners LLC lifted 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 worth $35,000 after purchasing an additional 253 shares in the last quarter. Finally, Harvest Group Wealth Management LLC bought a new stake in shares of Tyson Foods in the first quarter worth $37,000. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were 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 can be accessed through this link. Also, insider Sally Grimes sold 57,774 shares of the company’s 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 disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
A number of brokerages have recently commented on TSN. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group boosted their price objective on shares of Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Barclays boosted their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.86.
NYSE TSN traded down $0.16 on Friday, hitting $87.70. 1,689,300 shares of the stock were exchanged, compared to its average volume of 2,770,224. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. The business’s fifty day moving average is $82.65 and its 200 day moving average is $74.40. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $89.88. The company has a market capitalization of $31.28 billion, a PE ratio of 14.24 and a beta of 0.50.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analyst estimates of $10.95 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 5.89 EPS for the current fiscal year.
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.
Featured Article: When can a hold rating present a buying opportunity?
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.