Teacher Retirement System of Texas trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 19.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 248,100 shares of the company’s stock after selling 61,028 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Tyson Foods worth $20,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LSV Asset Management lifted its stake in Tyson Foods by 6.1% during the first quarter. LSV Asset Management now owns 6,769,224 shares of the company’s stock valued at $469,987,000 after buying an additional 387,480 shares in the last quarter. Northern Trust Corp increased its holdings in Tyson Foods by 0.5% in the first quarter. Northern Trust Corp now owns 5,615,170 shares of the company’s stock worth $389,861,000 after buying an additional 25,628 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tyson Foods by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after purchasing an additional 278,988 shares during the last quarter. Boston Partners boosted its position in shares of Tyson Foods by 68.6% in the first quarter. Boston Partners now owns 3,048,006 shares of the company’s stock valued at $211,623,000 after acquiring an additional 1,240,164 shares during the period. Finally, AJO LP boosted its position in shares of Tyson Foods by 25.4% in the first quarter. AJO LP now owns 2,983,246 shares of the company’s stock valued at $207,127,000 after acquiring an additional 604,694 shares during the period. 68.95% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $83.00 price objective on Tyson Foods and gave the company 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 note on Monday, August 5th. Barclays raised their target price on Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Piper Jaffray Companies lifted their price objective on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and an average price target of $82.86.

In other news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total transaction of $3,600,699.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by insiders.

TSN stock traded down $1.08 during midday trading on Friday, reaching $90.58. The stock had a trading volume of 411,592 shares, compared to its average volume of 2,900,604. The firm has a market cap of $32.89 billion, a price-to-earnings ratio of 14.70 and a beta of 0.50. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $91.73. The business has a fifty day simple moving average of $83.57 and a two-hundred day simple moving average of $75.01. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The company had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 EPS. On average, equities analysts predict that Tyson Foods, Inc. will post 5.89 earnings per share for the current fiscal year.

Tyson Foods 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.

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

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