Kempen Capital Management N.V. reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 90.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,847 shares of the company’s stock after selling 18,338 shares during the period. Kempen Capital Management N.V.’s holdings in Tyson Foods were worth $149,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of TSN. Zions Bancorporation N.A. purchased a new stake in Tyson Foods in the 1st quarter valued at $25,000. Advisors Preferred LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at $26,000. Valeo Financial Advisors LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at $32,000. West Oak Capital LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at $34,000. Finally, Global Retirement Partners LLC raised its position in Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the last quarter. Institutional investors own 69.51% of the company’s stock.
Shares of NYSE:TSN traded down $0.46 on Wednesday, reaching $88.42. The company had a trading volume of 28,124 shares, compared to its average volume of 2,859,527. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $94.07. The firm’s 50 day simple moving average is $86.99 and its 200-day simple moving average is $78.34. The firm has a market capitalization of $31.06 billion, a PE ratio of 14.37 and a beta of 0.44. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. set a $83.00 price target on Tyson Foods and gave the company a “hold” rating in a research report on Monday, August 12th. Stephens set a $95.00 price objective on Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, September 4th. Pivotal Research restated a “sell” rating and set a $50.00 price objective on shares of Tyson Foods in a report on Monday, August 5th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Thursday, August 8th. Finally, Mizuho raised their price objective on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.58.
In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $4,910,790.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
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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