Hexavest Inc. Sells 14,840 Shares of Tyson Foods, Inc. (NYSE:TSN)

Hexavest Inc. reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 617,673 shares of the company’s stock after selling 14,840 shares during the period. Hexavest Inc. owned about 0.17% of Tyson Foods worth $56,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of Tyson Foods by 53.2% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock valued at $43,000 after purchasing an additional 173 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in Tyson Foods by 143.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 605 shares of the company’s stock valued at $48,000 after acquiring an additional 356 shares during the last quarter. San Francisco Sentry Investment Group CA grew its stake 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 valued at $65,000 after acquiring an additional 615 shares during the last quarter. AdvisorNet Financial Inc grew its stake in Tyson Foods by 144.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 845 shares of the company’s stock valued at $73,000 after acquiring an additional 500 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in Tyson Foods by 55.2% in the 3rd quarter. Penserra Capital Management LLC now owns 891 shares of the company’s stock valued at $76,000 after acquiring an additional 317 shares during the last quarter. Institutional investors own 68.82% of the company’s stock.

In other news, insider Stephen R. Stouffer sold 15,723 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $90.16, for a total transaction of $1,417,585.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary Oleksiuk sold 28,382 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,145 shares of company stock worth $4,038,543. Company insiders own 1.69% of the company’s stock.

Shares of NYSE TSN traded down $1.04 during midday trading on Thursday, reaching $89.75. 1,158,685 shares of the company traded hands, compared to its average volume of 2,260,736. The stock has a 50-day moving average price of $90.17 and a 200 day moving average price of $86.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.19 and a beta of 0.43. Tyson Foods, Inc. has a 52 week low of $58.20 and a 52 week high of $94.24.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. Tyson Foods’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that Tyson Foods, Inc. will post 6.75 EPS for the current year.

TSN has been the topic of a number of research reports. Stephens cut shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $89.00 price target (up from $83.00) on shares of Tyson Foods in a research note on Wednesday, December 4th. Bank of America initiated coverage on shares of Tyson Foods in a research report on Friday, October 25th. They issued a “buy” rating and a $97.00 target price on the stock. BMO Capital Markets raised their target price on shares of Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, ValuEngine lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Hold” and an average price target of $88.83.

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.

Further Reading: Neutral Rating

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

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