Cerebellum GP LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 19.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,179 shares of the company’s stock after purchasing an additional 991 shares during the quarter. Cerebellum GP LLC’s holdings in Tyson Foods were worth $563,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Alpha Windward LLC bought a new position in Tyson Foods in the 4th quarter worth $29,000. Global Retirement Partners LLC raised its holdings in Tyson Foods by 53.2% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock worth $43,000 after purchasing an additional 173 shares during the period. CSat Investment Advisory L.P. raised its holdings in Tyson Foods by 143.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 605 shares of the company’s stock worth $48,000 after purchasing an additional 356 shares during the period. San Francisco Sentry Investment Group CA raised its holdings in Tyson Foods by 433.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 757 shares of the company’s stock worth $65,000 after purchasing an additional 615 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in Tyson Foods by 144.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the company’s stock worth $73,000 after purchasing an additional 500 shares during the period. 68.82% of the stock is currently owned by institutional investors.
In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $92.22, for a total value of $2,617,388.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen R. Stouffer sold 15,723 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $90.16, for a total value of $1,417,585.68. The disclosure for this sale can be found here. Insiders sold a total of 44,145 shares of company stock valued at $4,038,543 in the last quarter. 1.69% of the stock is currently owned by company insiders.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 6.75 EPS for the current fiscal year.
TSN has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Zacks Investment Research cut Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 target price on the stock. in a report on Thursday, November 14th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $89.00 target price (up from $83.00) on shares of Tyson Foods in a report on Wednesday, December 4th. ValuEngine cut Tyson Foods from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Bank of America initiated coverage on Tyson Foods in a report on Friday, October 25th. They issued a “buy” rating and a $97.00 target price on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Tyson Foods presently has a consensus rating of “Hold” and an average target price of $88.83.
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.
Read More: What are no-load funds?
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.