Chemical Bank Sells 3,025 Shares of Tyson Foods, Inc. (TSN)

Chemical Bank cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 9.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,474 shares of the company’s stock after selling 3,025 shares during the period. Chemical Bank’s holdings in Tyson Foods were worth $1,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TSN. BerganKDV Wealth Management LLC acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $103,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $106,000. MUFG Americas Holdings Corp raised its holdings in shares of Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after purchasing an additional 858 shares during the last quarter. Fort L.P. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $119,000. Finally, Cerebellum GP LLC bought a new position in shares of Tyson Foods in the third quarter valued at $170,000. Institutional investors own 70.18% of the company’s stock.

TSN stock opened at $61.50 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. Tyson Foods, Inc. has a one year low of $56.79 and a one year high of $84.65. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.94 and a beta of 0.17.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 6th. The company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm had revenue of $10.05 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.

TSN has been the subject of several analyst reports. Barclays decreased their target price on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Tuesday, July 31st. Pivotal Research reissued a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research note on Monday, August 6th. BMO Capital Markets decreased their target price on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, ValuEngine raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.56.

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Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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