Tyson Foods, Inc. (NYSE:TSN) Shares Sold by CX Institutional

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CX Institutional lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 98.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 361 shares of the company’s stock after selling 23,031 shares during the period. CX Institutional’s holdings in Tyson Foods were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Tyson Foods in the 2nd quarter worth approximately $9,537,000. Advisory Services Network LLC increased its holdings in Tyson Foods by 3.4% in the 1st quarter. Advisory Services Network LLC now owns 13,961 shares of the company’s stock worth $969,000 after buying an additional 453 shares during the period. BB&T Securities LLC increased its holdings in Tyson Foods by 18.1% in the 2nd quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock worth $2,487,000 after buying an additional 4,721 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Tyson Foods in the 2nd quarter worth approximately $24,222,000. Finally, BlackRock Inc. increased its holdings in Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after buying an additional 872,367 shares during the period. Institutional investors own 69.51% of the company’s stock.

In related news, insider Sally Grimes sold 57,774 shares of Tyson Foods stock in a transaction on 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 this link. Also, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction on 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. 1.69% of the stock is owned by company insiders.

Several equities analysts recently weighed in on TSN shares. Credit Suisse Group increased their price target 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. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stephens set a $95.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Barclays raised their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Finally, Mizuho raised their price objective on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Buy” and an average target price of $85.58.

Shares of NYSE TSN opened at $83.60 on Friday. The stock has a market capitalization of $29.33 billion, a price-to-earnings ratio of 13.57 and a beta of 0.44. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $94.07. The firm’s 50 day simple moving average is $86.57 and its 200-day simple moving average is $80.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.47 EPS 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 net margin of 5.27% and a return on equity of 15.92%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Analysts anticipate that Tyson Foods, Inc. will post 5.48 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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