Westpac Banking Corp reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,805 shares of the company’s stock after selling 1,800 shares during the period. Westpac Banking Corp’s holdings in Tyson Foods were worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in TSN. Boston Partners grew its stake in shares of Tyson Foods by 68.6% in the 1st quarter. Boston Partners now owns 3,048,006 shares of the company’s stock valued at $211,623,000 after purchasing an additional 1,240,164 shares during the period. Wedge Capital Management L L P NC bought a new stake in Tyson Foods during the 1st quarter worth approximately $42,112,000. AJO LP grew its position in Tyson Foods by 25.4% during the 1st quarter. AJO LP now owns 2,983,246 shares of the company’s stock worth $207,127,000 after acquiring an additional 604,694 shares during the last quarter. Rubric Capital Management LP bought a new stake in Tyson Foods during the 1st quarter worth approximately $29,904,000. Finally, LSV Asset Management grew its position in Tyson Foods by 6.1% during the 1st quarter. LSV Asset Management now owns 6,769,224 shares of the company’s stock worth $469,987,000 after acquiring an additional 387,480 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.
Shares of TSN opened at $87.70 on Friday. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 14.24 and a beta of 0.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.59 and a current ratio of 1.33. The business’s fifty day moving average price is $82.65 and its two-hundred day moving average price is $74.40. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $89.88.
A number of equities research analysts recently commented on the company. Barclays increased their price target on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Thursday, August 8th. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Tuesday, May 14th. Standpoint Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Pivotal Research restated a “sell” rating and set a $50.00 price target on shares of Tyson Foods in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $82.86.
In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the 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 disclosure for this sale can be found here. 1.69% of the stock is currently owned by company insiders.
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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