Peddock Capital Advisors LLC Sells 836 Shares of Tyson Foods, Inc. (NYSE:TSN)

Peddock Capital Advisors LLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,170 shares of the company’s stock after selling 836 shares during the period. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $1,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,410,672 shares of the company’s stock valued at $2,213,137,000 after acquiring an additional 267,393 shares in the last quarter. BlackRock Inc. boosted its holdings 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 acquiring an additional 872,367 shares in the last quarter. Boston Partners boosted its holdings 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 acquiring an additional 1,718,237 shares in the last quarter. Invesco Ltd. boosted its holdings 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 acquiring an additional 719,437 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Tyson Foods by 13.2% during the 2nd quarter. Prudential Financial Inc. now owns 2,913,878 shares of the company’s stock valued at $235,266,000 after acquiring an additional 340,054 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

In other news, insider Sally Grimes sold 57,774 shares of Tyson Foods stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction dated 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. 1.69% of the stock is currently owned by insiders.

TSN traded down $1.73 during midday trading on Wednesday, hitting $82.01. 143,610 shares of the company were exchanged, compared to its average volume of 2,158,965. The firm has a market capitalization of $30.49 billion, a P/E ratio of 13.32 and a beta of 0.44. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $94.07. The firm’s 50 day moving average price is $86.05 and its 200-day moving average price is $81.12. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The firm 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 business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 5.48 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised 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. Barclays raised their price objective on Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Mizuho raised their price objective on Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Pivotal Research reissued a “sell” rating and set a $50.00 price objective on shares of Tyson Foods in a report on Monday, August 5th. Finally, Stephens set a $95.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $85.58.

Tyson Foods 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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