Winthrop Capital Management LLC Purchases New Position in Tyson Foods, Inc. $TSN

Winthrop Capital Management LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,262 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after purchasing an additional 191 shares in the last quarter. Horizon Investments LLC boosted its position in shares of Tyson Foods by 5.1% during the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock valued at $262,000 after buying an additional 201 shares during the last quarter. Independent Advisor Alliance increased its holdings in Tyson Foods by 2.3% in the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after buying an additional 204 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Tyson Foods by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after buying an additional 206 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its stake in Tyson Foods by 1.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock valued at $1,183,000 after acquiring an additional 217 shares during the period. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSN shares. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bank of America dropped their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Santander began coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating for the company. Finally, Stephens dropped their price objective on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.92.

Tyson Foods Stock Performance

Shares of TSN opened at $52.85 on Friday. The business has a 50-day simple moving average of $53.57 and a two-hundred day simple moving average of $55.09. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $65.95. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 0.85 and a beta of 0.56.

Tyson Foods declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.