CSM Advisors LLC Purchases New Shares in Tyson Foods, Inc. $TSN

CSM Advisors LLC purchased 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 (SEC). The firm purchased 208,786 shares of the company’s stock, valued at approximately $11,681,000. CSM Advisors LLC owned about 0.06% of Tyson Foods as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods in the 1st quarter worth about $28,000. NewSquare Capital LLC raised its position in Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the period. Matrix Trust Co lifted its stake in Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the period. Finally, Beacon Capital Management LLC bought a new position in shares of Tyson Foods during the second quarter valued at approximately $37,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 2.2%

NYSE TSN opened at $52.85 on Friday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company’s 50-day simple moving average is $53.57 and its two-hundred day simple moving average is $55.09.

Tyson Foods announced that its board has approved a stock buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSN. JPMorgan Chase & Co. began coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bernstein Bank downgraded shares of Tyson Foods 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. Santander started coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating for the company. Finally, 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 research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.92.

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.