Peddock Capital Advisors LLC Lowers Position in Tyson Foods, Inc. (NYSE:TSN)
Peddock Capital Advisors LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,975 shares of the company’s stock after selling 195 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $1,090,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in TSN. Nuveen Asset Management LLC lifted its holdings in shares of Tyson Foods by 24,482.5% in the second quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock worth $152,492,000 after buying an additional 1,880,992 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Tyson Foods by 4.4% in the second 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 in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Tyson Foods in the third quarter worth $55,440,000. Toronto Dominion Bank lifted its holdings in shares of Tyson Foods by 112.1% in the second quarter. Toronto Dominion Bank now owns 434,890 shares of the company’s stock worth $35,106,000 after buying an additional 229,854 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Tyson Foods by 1.5% in the third quarter. State Street Corp now owns 14,406,100 shares of the company’s stock worth $1,240,941,000 after buying an additional 219,582 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “hold” rating and set a $89.00 price objective (up previously from $83.00) on shares of Tyson Foods in a research report on Wednesday, December 4th. Bank of America assumed coverage on shares of Tyson Foods in a report on Friday, October 25th. They issued a “buy” rating and a $97.00 price target on the stock. Zacks Investment Research cut shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a report on Thursday, November 14th. Stephens cut shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and set a $95.00 price target on the stock. in a report on Thursday, January 16th. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Tyson Foods presently has a consensus rating of “Hold” and an average target price of $88.83.
Shares of TSN stock traded down $2.31 during mid-day trading on Friday, hitting $85.65. 1,587,376 shares of the stock traded hands, compared to its average volume of 2,271,203. The stock has a market cap of $31.99 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.13 and a beta of 0.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56. The stock’s fifty day moving average is $90.07 and its two-hundred day moving average is $86.31. Tyson Foods, Inc. has a 52-week low of $58.20 and a 52-week high of $94.24.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.02). Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same quarter last year, the company posted $1.58 EPS. Tyson Foods’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Tyson Foods, Inc. will post 6.75 EPS for the current fiscal year.
Tyson Foods Company 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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