Providence Capital Advisors LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,537 shares of the company’s stock after buying an additional 708 shares during the quarter. Tyson Foods accounts for 1.6% of Providence Capital Advisors LLC’s portfolio, making the stock its 21st largest position. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $2,627,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in TSN. Zions Bancorporation N.A. acquired a new stake in shares of Tyson Foods in the first quarter valued at about $25,000. Advisors Preferred LLC acquired a new position in Tyson Foods during the 2nd quarter worth approximately $26,000. Valeo Financial Advisors LLC purchased a new position in Tyson Foods in the 2nd quarter worth approximately $32,000. West Oak Capital LLC purchased a new position in Tyson Foods in the 2nd quarter worth approximately $34,000. Finally, Global Retirement Partners LLC grew its position in 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 in the last quarter. 69.55% of the stock is owned by institutional investors.
In related news, insider Sally Grimes sold 57,774 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total value of $4,910,790.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction dated 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. Insiders own 1.69% of the company’s stock.
A number of research analysts have recently commented on the stock. Argus raised 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 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, August 12th. 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 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 for the company in a research report on Thursday, August 8th. Finally, Mizuho lifted their target price on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average price target of $85.58.
TSN stock traded up $0.78 during midday trading on Wednesday, reaching $82.24. The company had a trading volume of 97,739 shares, compared to its average volume of 2,667,434. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $86.51 and a 200 day moving average price of $77.65. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $94.07. The firm has a market capitalization of $30.47 billion, a PE ratio of 13.25 and a beta of 0.44.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.47. The business had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. Research analysts predict that Tyson Foods, Inc. will post 5.5 EPS for the current 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.
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