Foster & Motley Inc. Sells 4,779 Shares of Tyson Foods, Inc. (NYSE:TSN)

Foster & Motley Inc. lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 20.1% during the 3rd quarter, Holdings Channel reports. The fund owned 18,955 shares of the company’s stock after selling 4,779 shares during the period. Foster & Motley Inc.’s holdings in Tyson Foods were worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Tyson Foods by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock worth $553,000 after purchasing an additional 336 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Tyson Foods in the first quarter worth approximately $634,000. Janney Montgomery Scott LLC raised its stake in shares of Tyson Foods by 7.9% in the first quarter. Janney Montgomery Scott LLC now owns 25,128 shares of the company’s stock worth $1,476,000 after purchasing an additional 1,834 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Tyson Foods by 4.9% in the first quarter. Nordea Investment Management AB now owns 20,833 shares of the company’s stock worth $1,227,000 after purchasing an additional 976 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Tyson Foods by 128.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,765 shares of the company’s stock worth $632,000 after purchasing an additional 6,044 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $59.16 on Thursday. The stock has a fifty day simple moving average of $60.51 and a two-hundred day simple moving average of $59.70. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of -986.00, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the company earned $0.15 earnings per share. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Stephens began coverage on Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target for the company. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.22.

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.