Wright Investors Service Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 52.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,517 shares of the company’s stock after buying an additional 2,597 shares during the period. Wright Investors Service Inc.’s holdings in Tyson Foods were worth $607,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Zions Bancorporation N.A. purchased a new stake in Tyson Foods in the 1st quarter worth approximately $25,000. Valeo Financial Advisors LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $32,000. West Oak Capital LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC lifted its stake in Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Finally, Harvest Group Wealth Management LLC purchased a new stake in Tyson Foods in the 1st quarter worth approximately $37,000. 69.03% of the stock is owned by institutional investors.
Shares of Tyson Foods stock traded up $2.52 on Thursday, hitting $88.28. 75,547 shares of the company traded hands, compared to its average volume of 2,823,610. The company’s 50-day simple moving average is $82.31. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $32.19 billion, a P/E ratio of 14.34 and a beta of 0.50. Tyson Foods, Inc. has a 12-month low of $49.77 and a 12-month high of $89.88.
Several research firms have issued reports on TSN. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, May 14th. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Mizuho increased their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Standpoint Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the stock a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $82.86.
In other news, insider Sally Grimes sold 57,774 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,910,790.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mary Oleksiuk sold 43,592 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total transaction of $3,600,699.20. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Tyson Foods Company 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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