BancorpSouth Bank Decreases Holdings in Tyson Foods, Inc. (NYSE:TSN)

BancorpSouth Bank trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,154 shares of the company’s stock after selling 879 shares during the quarter. BancorpSouth Bank’s holdings in Tyson Foods were worth $616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Nuveen Asset Management LLC raised its position in shares of Tyson Foods by 24,482.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock valued at $152,492,000 after buying an additional 1,880,992 shares in the last quarter. Boston Partners raised its position in shares of Tyson Foods by 56.4% during the 2nd quarter. Boston Partners now owns 4,766,243 shares of the company’s stock valued at $384,857,000 after buying an additional 1,718,237 shares in the last quarter. BlackRock Inc. raised its position in shares of Tyson Foods by 4.4% during the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock valued at $1,688,183,000 after buying an additional 872,367 shares in the last quarter. Invesco Ltd. raised its position in shares of Tyson Foods by 19.1% during the 2nd quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock valued at $361,615,000 after buying an additional 719,437 shares in the last quarter. Finally, Highline Capital Management L.P. purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $52,166,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

Tyson Foods stock opened at $88.88 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $94.07. The firm has a market capitalization of $30.13 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.13 and a beta of 0.43. The company’s 50-day moving average is $82.68 and its 200 day moving average is $82.57.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.01). Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The firm had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts anticipate that Tyson Foods, Inc. will post 5.49 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on TSN. Mizuho upped their target price 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. Pivotal Research restated a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a research report on Monday, August 5th. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. set a $83.00 price objective on shares of Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Stephens set a $95.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $87.50.

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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