Tyson Foods, Inc. (NYSE:TSN) Stake Cut by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 236,649 shares of the company's stock after selling 61,397 shares during the period. Leeward Investments LLC MA owned about 0.07% of Tyson Foods worth $14,095,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Davis Selected Advisers acquired a new stake in Tyson Foods in the 2nd quarter valued at about $177,439,000. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock worth $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Tyson Foods during the 2nd quarter worth approximately $29,537,000. Van ECK Associates Corp lifted its stake in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock valued at $72,839,000 after buying an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Tyson Foods by 138.7% during the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company's stock valued at $34,542,000 after buying an additional 336,487 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TSN shares. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets raised their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 6th. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Finally, Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Stock Down 0.8 %

Shares of TSN stock traded down $0.45 on Thursday, hitting $58.71. The stock had a trading volume of 1,884,306 shares, compared to its average volume of 2,432,380. The stock's 50 day moving average is $60.51 and its 200-day moving average is $59.70. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of -979.67, a P/E/G ratio of 0.37 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $45.13 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. During the same period in the prior year, the company posted $0.15 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

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 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.