Denali Advisors LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 18.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,300 shares of the company’s stock after selling 32,100 shares during the quarter. Tyson Foods makes up approximately 1.8% of Denali Advisors LLC’s holdings, making the stock its 7th biggest position. Denali Advisors LLC’s holdings in Tyson Foods were worth $12,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP increased its stake in Tyson Foods by 8.5% during the first quarter. First Trust Advisors LP now owns 1,054,245 shares of the company’s stock worth $73,196,000 after purchasing an additional 82,245 shares during the period. MML Investors Services LLC increased its stake in Tyson Foods by 36.6% during the first quarter. MML Investors Services LLC now owns 14,552 shares of the company’s stock worth $1,010,000 after purchasing an additional 3,902 shares during the period. FIL Ltd purchased a new stake in Tyson Foods during the first quarter worth about $5,724,000. The Manufacturers Life Insurance Company increased its stake in Tyson Foods by 1.1% during the first quarter. The Manufacturers Life Insurance Company now owns 296,015 shares of the company’s stock worth $20,552,000 after purchasing an additional 3,232 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Tyson Foods by 156.8% during the first quarter. Lazard Asset Management LLC now owns 435,091 shares of the company’s stock worth $30,207,000 after purchasing an additional 265,667 shares during the period. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Shares of TSN stock traded up $1.30 during trading hours on Wednesday, reaching $81.73. 1,766,275 shares of the stock were exchanged, compared to its average volume of 2,769,827. The business’s fifty day moving average is $86.80 and its two-hundred day moving average is $80.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. Tyson Foods, Inc. has a 12-month low of $49.77 and a 12-month high of $94.07. The firm has a market capitalization of $30.00 billion, a P/E ratio of 13.27 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.47. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 5.48 earnings per share for the current fiscal year.

TSN has been the topic of a number of recent research reports. Mizuho boosted their price target on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Pivotal Research restated a “sell” rating and set a $50.00 target price on shares of Tyson Foods in a research note on Monday, August 5th. Stephens set a $95.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Wednesday, September 4th. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays upped their target price on shares of Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $85.58.

In related news, EVP Mary Oleksiuk sold 43,592 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sally Grimes sold 57,774 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 corporate insiders.

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 is the Difference Between Common Shares and Convertible Shares?

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).

Institutional Ownership by Quarter for Tyson Foods (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.