Twin Capital Management Inc. Sells 39,300 Shares of Tyson Foods, Inc. (NYSE:TSN)

Twin Capital Management Inc. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 32.8% in the 2nd quarter, Holdings Channel reports. The firm owned 80,600 shares of the company’s stock after selling 39,300 shares during the quarter. Twin Capital Management Inc.’s holdings in Tyson Foods were worth $6,508,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Zions Bancorporation N.A. bought a new stake in shares of Tyson Foods in the 1st quarter valued at $25,000. Valeo Financial Advisors LLC bought a new stake in Tyson Foods during the 2nd quarter valued at $32,000. West Oak Capital LLC bought a new stake in Tyson Foods during the 2nd quarter valued at $34,000. Advantage Investment Management LLC increased its stake in Tyson Foods by 283.9% during the 2nd quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 352 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in Tyson Foods during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.

In other news, insider Sally Grimes sold 57,774 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mary Oleksiuk sold 43,592 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

A number of equities analysts have issued reports on TSN shares. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the stock a “hold” rating in a report on Monday. 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 report on Thursday, August 8th. BMO Capital Markets reaffirmed a “top pick” rating and set a $90.00 price objective on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their price objective on shares of Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.86.

TSN traded up $2.51 during mid-day trading on Thursday, reaching $88.27. 74,515 shares of the stock were exchanged, compared to its average volume of 2,823,610. 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 stock has a market capitalization of $32.19 billion, a PE ratio of 14.34 and a beta of 0.50. The business has a 50 day moving average of $82.31. Tyson Foods, Inc. has a 1 year low of $49.77 and a 1 year high of $89.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.47. The firm had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 5.96 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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