Peregrine Asset Advisers Inc. Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Peregrine Asset Advisers Inc. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 38,295 shares of the company’s stock, valued at approximately $3,092,000. Tyson Foods accounts for approximately 1.6% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC grew its position in Tyson Foods by 2.7% during the 1st quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock worth $348,000 after acquiring an additional 130 shares during the last quarter. Investment Management of Virginia LLC grew its position in Tyson Foods by 1.0% during the 1st quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock worth $970,000 after acquiring an additional 135 shares during the last quarter. Savant Capital LLC grew its position in Tyson Foods by 1.6% during the 2nd quarter. Savant Capital LLC now owns 8,750 shares of the company’s stock worth $706,000 after acquiring an additional 135 shares during the last quarter. Empirical Finance LLC grew its position in Tyson Foods by 0.6% during the 1st quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock worth $1,742,000 after acquiring an additional 160 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in Tyson Foods by 33.8% during the 1st quarter. Catalyst Capital Advisors LLC now owns 653 shares of the company’s stock worth $45,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 68.95% of the company’s stock.

A number of equities research analysts recently commented on the company. Credit Suisse Group increased their price target on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. 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. Piper Jaffray Companies increased their price target on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research report on Monday, May 6th. 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. Finally, 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. One investment 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. The company has an average rating of “Buy” and a consensus price target of $82.86.



In related news, insider Sally Grimes sold 57,774 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mary Oleksiuk sold 43,592 shares of the firm’s 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 disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.

NYSE:TSN traded down $1.73 during trading hours on Friday, hitting $89.93. 1,814,352 shares of the stock were exchanged, compared to its average volume of 2,923,651. The company’s 50 day moving average is $83.73 and its two-hundred day moving average is $75.15. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $32.75 billion, a P/E ratio of 14.60 and a beta of 0.50. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $91.73.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.47. The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 5.89 EPS for the current 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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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