Jarislowsky Fraser Ltd Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Jarislowsky Fraser Ltd trimmed its position in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 72.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,000 shares of the company’s stock after selling 8,000 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Tyson Foods were worth $261,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Adviser L.P. raised its position in Tyson Foods by 1.5% during the fourth quarter. Cantor Fitzgerald Investment Adviser L.P. now owns 162,779 shares of the company’s stock valued at $14,188,000 after acquiring an additional 2,395 shares in the last quarter. Legacy Private Trust Co. raised its position in Tyson Foods by 5.9% during the fourth quarter. Legacy Private Trust Co. now owns 25,019 shares of the company’s stock valued at $2,181,000 after acquiring an additional 1,385 shares in the last quarter. ARGI Investment Services LLC raised its position in Tyson Foods by 3.4% during the fourth quarter. ARGI Investment Services LLC now owns 12,528 shares of the company’s stock valued at $1,092,000 after acquiring an additional 415 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in Tyson Foods by 9.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 33,560 shares of the company’s stock valued at $2,925,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in Tyson Foods during the fourth quarter valued at approximately $256,000. Hedge funds and other institutional investors own 66.94% of the company’s stock.

A number of research firms have recently commented on TSN. BMO Capital Markets cut Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $115.00 to $99.00 in a research report on Monday, March 14th. Credit Suisse Group boosted their price objective on Tyson Foods from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 8th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 8th. Barclays lowered Tyson Foods from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Monday, February 14th. Finally, StockNews.com lowered Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $97.33.

In related news, insider Shane Miller sold 5,050 shares of the business’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $96.00, for a total value of $484,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Tu sold 3,346 shares of Tyson Foods stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total value of $302,143.80. Following the completion of the transaction, the executive vice president now owns 51,381 shares of the company’s stock, valued at $4,639,704.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,936 shares of company stock worth $2,752,206. 1.85% of the stock is owned by insiders.

Shares of NYSE TSN opened at $90.79 on Tuesday. The stock’s 50-day moving average is $91.00 and its two-hundred day moving average is $89.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 0.86. Tyson Foods, Inc. has a 1-year low of $69.88 and a 1-year high of $100.72. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69.

Tyson Foods (NYSE:TSNGet Rating) last announced its earnings results on Monday, May 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.46. Tyson Foods had a return on equity of 21.13% and a net margin of 7.90%. The firm had revenue of $13.12 billion during the quarter, compared to analysts’ expectations of $12.84 billion. During the same period in the prior year, the firm earned $1.34 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 9.06 earnings per share for the current fiscal year.

About Tyson Foods (Get Rating)

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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

Further Reading

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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