Simmons Bank Sells 1,662 Shares of Tyson Foods, Inc. (NYSE:TSN)

Simmons Bank lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,793 shares of the company’s stock after selling 1,662 shares during the period. Simmons Bank’s holdings in Tyson Foods were worth $3,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in Tyson Foods by 100.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after acquiring an additional 5,175 shares during the period. Cetera Advisors LLC lifted its stake in Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares during the period. Envestnet Asset Management Inc. lifted its stake in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after acquiring an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Tyson Foods during the 1st quarter valued at about $527,000. Finally, Sei Investments Co. lifted its stake in shares of Tyson Foods by 14.9% in the 1st quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after purchasing an additional 25,527 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSN shares. Bank of America lowered their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, BMO Capital Markets increased their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Trading Up 6.5 %

Shares of TSN opened at $62.65 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year high of $66.88. The company has a 50 day simple moving average of $60.14 and a two-hundred day simple moving average of $59.67. The firm has a market cap of $22.29 billion, a P/E ratio of -1,044.17, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.28. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.57 billion during the quarter, compared to analyst estimates of $13.33 billion. On average, equities analysts expect that Tyson Foods, Inc. will post 2.83 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 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.