Zacks Investment Management Reduces Position in Tyson Foods Inc. (TSN)
Zacks Investment Management cut its position in shares of Tyson Foods Inc. (NYSE:TSN) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,761 shares of the company’s stock after selling 928 shares during the period. Zacks Investment Management’s holdings in Tyson Foods were worth $12,207,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Financial Architects Inc raised its position in shares of Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Tyson Foods during the second quarter worth $156,000. James Investment Research Inc. purchased a new position in shares of Tyson Foods during the second quarter worth $188,000. Copper Rock Capital Partners LLC purchased a new position in shares of Tyson Foods during the second quarter worth $189,000. Finally, Tuttle Tactical Management LLC purchased a new position in shares of Tyson Foods during the second quarter worth $189,000. 74.57% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Inc. (NYSE:TSN) traded up 0.45% during midday trading on Friday, hitting $66.54. The company had a trading volume of 3,898,449 shares. The stock’s 50-day moving average price is $71.27 and its 200-day moving average price is $69.73. Tyson Foods Inc. has a 52-week low of $42.90 and a 52-week high of $77.05. The stock has a market cap of $25.42 billion, a PE ratio of 16.18 and a beta of 0.18.
A number of analysts have recently commented on the company. Jefferies Group upped their target price on Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Pivotal Research restated a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a research note on Wednesday, August 10th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Tuesday, August 9th. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Finally, Vetr upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $68.87 target price on the stock in a research note on Wednesday, October 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.29.
In other Tyson Foods news, CEO Donald Smith sold 38,006 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $75.20, for a total transaction of $2,858,051.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 282,478 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total value of $20,965,517.16. The disclosure for this sale can be found here. 2.69% of the stock is owned by corporate insiders.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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