D.A. Davidson & CO. Sells 17,728 Shares of Tyson Foods, Inc. $TSN

Key Points

• D.A. Davidson & CO. cut its Tyson Foods stake by 49.7%, selling 17,728 shares in the third quarter and retaining 17,967 shares valued at about $908,000.
• Analyst sentiment was mixed: five analysts rated the stock Buy, six Hold and one Sell, resulting in a consensus Hold rating and an average price target of $66.78.
• Tyson reported quarterly EPS of $0.99, matching estimates, while revenue of $13.87 billion came in below forecasts and declined 0.1% year over year.

D.A. Davidson & CO. reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 49.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,967 shares of the company's stock after selling 17,728 shares during the period. D.A. Davidson & CO.'s holdings in Tyson Foods were worth $908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Groupama Asset Managment raised its holdings in shares of Tyson Foods by 1.3% during the first quarter. Groupama Asset Managment now owns 12,562 shares of the company's stock worth $805,000 after purchasing an additional 159 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Tyson Foods by 22.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,323 shares of the company's stock worth $67,000 after buying an additional 241 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Tyson Foods by 15.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,995 shares of the company's stock valued at $114,000 after buying an additional 260 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Tyson Foods by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,661 shares of the company's stock valued at $1,126,000 after buying an additional 298 shares during the period. Finally, Modern Wealth Management LLC grew its position in shares of Tyson Foods by 3.7% during the 1st quarter. Modern Wealth Management LLC now owns 8,658 shares of the company's stock valued at $557,000 after buying an additional 305 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. Zacks Research downgraded Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. BMO Capital Markets dropped their price target on Tyson Foods from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, September 4th. JPMorgan Chase & Co. raised Tyson Foods from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $65.00 to $63.00 in a report on Friday, September 18th. Barclays reduced their price objective on Tyson Foods from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, September 4th. Finally, HSBC lowered their price objective on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average price target of $66.78.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $60.11 on Friday. The firm's 50 day moving average is $53.79 and its two-hundred day moving average is $59.53. Tyson Foods, Inc. has a 52 week low of $49.96 and a 52 week high of $69.48. The firm has a market capitalization of $21.15 billion, a P/E ratio of 37.10, a PEG ratio of 1.00 and a beta of 0.38. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The business's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Analysts anticipate that Tyson Foods, Inc. will post 3.49 earnings per share for the current year.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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