38,295 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,295 shares of the company’s stock, valued at approximately $3,092,000. Tyson Foods comprises about 1.6% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of TSN. Cerebellum GP LLC grew its holdings in shares of Tyson Foods by 2.7% during the first quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock valued at $348,000 after buying an additional 130 shares in the last quarter. Investment Management of Virginia LLC grew its holdings in shares of Tyson Foods by 1.0% during the first quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock valued at $970,000 after buying an additional 135 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Tyson Foods by 1.6% during the second quarter. Savant Capital LLC now owns 8,750 shares of the company’s stock valued at $706,000 after buying an additional 135 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Tyson Foods by 0.6% during the first quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock valued at $1,742,000 after buying an additional 160 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Tyson Foods by 33.8% during the first quarter. Catalyst Capital Advisors LLC now owns 653 shares of the company’s stock valued at $45,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.

In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sally Grimes sold 57,774 shares of the business’s 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 disclosure for this sale can be found here. 1.69% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. Mizuho lifted their price target on Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Credit Suisse Group lifted their price target on Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Barclays lifted their price target on Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Tyson Foods presently has an average rating of “Buy” and an average target price of $82.86.

TSN traded down $1.73 during trading on Friday, reaching $89.93. 1,814,352 shares of the stock traded hands, compared to its average volume of 2,923,651. The stock has a market cap of $32.75 billion, a price-to-earnings ratio of 14.60 and a beta of 0.50. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $91.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. The stock’s 50-day simple moving average is $83.73 and its two-hundred day simple moving average is $75.15.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. The firm had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 5.89 earnings per share 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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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