Penserra Capital Management LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

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Penserra Capital Management LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 55.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 891 shares of the company’s stock after acquiring an additional 317 shares during the quarter. Penserra Capital Management LLC’s holdings in Tyson Foods were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter worth $9,537,000. BB&T Securities LLC raised its stake in Tyson Foods by 18.1% in the second quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock valued at $2,487,000 after buying an additional 4,721 shares in the last quarter. BB&T Corp raised its stake in Tyson Foods by 24.4% in the third quarter. BB&T Corp now owns 86,375 shares of the company’s stock valued at $7,440,000 after buying an additional 16,941 shares in the last quarter. Providence First Trust Co acquired a new stake in Tyson Foods in the third quarter valued at $3,008,000. Finally, BlackRock Inc. lifted its holdings in Tyson Foods by 4.4% during the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after buying an additional 872,367 shares during the last quarter. Institutional investors own 69.02% of the company’s stock.

Shares of NYSE TSN opened at $88.95 on Wednesday. The stock has a market cap of $32.48 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.42 and a beta of 0.44. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $94.11. The stock has a 50 day moving average of $85.05 and a two-hundred day moving average of $83.90. The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 0.69.

Tyson Foods (NYSE:TSN) last announced its earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The business had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter last year, the business posted $1.58 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 6.56 earnings per share for the current year.

TSN has been the subject of several analyst reports. JPMorgan Chase & Co. set a $83.00 price objective on Tyson Foods and gave the stock a “hold” rating in a research report on Monday, August 12th. Bank of America assumed coverage on Tyson Foods in a research note on Friday, October 25th. They set a “buy” rating and a $97.00 target price for the company. Credit Suisse Group upped 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. Stephens set a $95.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.33.

In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $92.22, for a total transaction of $2,617,388.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.69% of the stock is owned by corporate insiders.

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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