Wright Investors Service Inc. Acquires 2,597 Shares of Tyson Foods, Inc. (NYSE:TSN)

Wright Investors Service Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 52.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,517 shares of the company’s stock after purchasing an additional 2,597 shares during the quarter. Wright Investors Service Inc.’s holdings in Tyson Foods were worth $607,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cerebellum GP LLC boosted its position in Tyson Foods by 2.7% during the first quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock valued at $348,000 after acquiring an additional 130 shares during the last quarter. Investment Management of Virginia LLC boosted its position in Tyson Foods by 1.0% during the first quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock valued at $970,000 after acquiring an additional 135 shares during the last quarter. Horrell Capital Management Inc. boosted its position in Tyson Foods by 0.4% during the first quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock valued at $2,185,000 after acquiring an additional 139 shares during the last quarter. Unison Advisors LLC boosted its position in Tyson Foods by 0.7% during the first quarter. Unison Advisors LLC now owns 21,606 shares of the company’s stock valued at $1,500,000 after acquiring an additional 144 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Tyson Foods by 0.6% during the first quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock valued at $1,742,000 after acquiring an additional 160 shares during the last quarter. 69.03% of the stock is currently owned by institutional investors.

In related news, insider Sally Grimes sold 57,774 shares of the company’s 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 document filed with the SEC, which is available at this link. Also, EVP Mary Oleksiuk sold 43,592 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was 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. Corporate insiders own 1.69% of the company’s stock.



Shares of TSN traded up $2.52 on Thursday, reaching $88.28. The company’s stock had a trading volume of 75,547 shares, compared to its average volume of 2,823,610. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $89.88. The firm has a market cap of $32.19 billion, a PE ratio of 14.34 and a beta of 0.50. The company has a fifty day moving average of $82.31.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.47. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The company had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 5.96 EPS for the current fiscal year.

A number of brokerages have commented on TSN. Mizuho upped their price target on shares of Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Piper Jaffray Companies upped their price objective on shares of Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a report on Monday, May 6th. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Pivotal Research reiterated a “sell” rating and set a $50.00 price objective on shares of Tyson Foods in a report on Monday, August 5th. Finally, Barclays upped their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $82.86.

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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