CCM Investment Advisers LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 19.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,119 shares of the company’s stock after buying an additional 34,891 shares during the quarter. Tyson Foods makes up 2.4% of CCM Investment Advisers LLC’s investment portfolio, making the stock its 6th largest holding. CCM Investment Advisers LLC’s holdings in Tyson Foods were worth $14,588,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TSN. Huntington National Bank raised its holdings in shares of Tyson Foods by 236.9% in the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after buying an additional 379 shares during the period. PRW Wealth Management LLC purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $29,000. Legacy Financial Advisors Inc. purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $31,000. Moody National Bank Trust Division purchased a new stake in shares of Tyson Foods in the 1st quarter valued at $31,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 70.68% of the company’s stock.
Several research firms recently commented on TSN. Standpoint Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Piper Jaffray Companies boosted their target price on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research note on Monday. BMO Capital Markets reissued a “top pick” rating and set a $90.00 target price on shares of Tyson Foods in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday. Finally, Barclays boosted their target price on Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.94.
In other news, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $64.22, for a total transaction of $160,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
TSN opened at $77.49 on Thursday. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $78.15. The firm has a market cap of $27.48 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.41 and a beta of 0.51. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.61.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. As a group, research analysts forecast that Tyson Foods, Inc. will post 5.93 EPS for the current fiscal year.
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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