Decatur Capital Management Inc. Has $4.19 Million Position in Tyson Foods, Inc. (NYSE:TSN)

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Decatur Capital Management Inc. reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 59.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,680 shares of the company’s stock after selling 72,575 shares during the period. Decatur Capital Management Inc.’s holdings in Tyson Foods were worth $4,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. First Trust Advisors LP boosted its position in shares of Tyson Foods by 8.5% during the first quarter. First Trust Advisors LP now owns 1,054,245 shares of the company’s stock worth $73,196,000 after buying an additional 82,245 shares during the period. MML Investors Services LLC boosted its position in shares of Tyson Foods by 36.6% during the first quarter. MML Investors Services LLC now owns 14,552 shares of the company’s stock worth $1,010,000 after buying an additional 3,902 shares during the period. FIL Ltd acquired a new position in shares of Tyson Foods during the first quarter worth approximately $5,724,000. The Manufacturers Life Insurance Company lifted its position in Tyson Foods by 1.1% in the first quarter. The Manufacturers Life Insurance Company now owns 296,015 shares of the company’s stock worth $20,552,000 after purchasing an additional 3,232 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Tyson Foods by 156.8% in the first quarter. Lazard Asset Management LLC now owns 435,091 shares of the company’s stock worth $30,207,000 after purchasing an additional 265,667 shares during the period. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Shares of NYSE:TSN traded up $1.29 on Friday, reaching $83.42. 56,306 shares of the company traded hands, compared to its average volume of 2,319,955. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $94.07. The company’s 50 day moving average is $86.69 and its 200-day moving average is $80.70. The stock has a market capitalization of $29.33 billion, a PE ratio of 13.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.47 EPS for the quarter, meeting analysts’ consensus estimates of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts expect that Tyson Foods, Inc. will post 5.48 EPS for the current year.

In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the business’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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sally Grimes sold 57,774 shares of the business’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 disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.

TSN has been the subject of a number of research analyst reports. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. set a $83.00 target price on Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. Pivotal Research restated a “sell” rating and issued a $50.00 target price on shares of Tyson Foods in a research report on Monday, August 5th. Stephens set a $95.00 target price on Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Credit Suisse Group upped their target price on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $85.58.

About Tyson Foods

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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