Providence Capital Advisors LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,537 shares of the company’s stock after purchasing an additional 708 shares during the quarter. Tyson Foods comprises approximately 1.6% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $2,627,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of Tyson Foods during the second quarter valued at about $26,000. Zions Bancorporation N.A. acquired a new stake in Tyson Foods in the 1st quarter valued at approximately $25,000. Valeo Financial Advisors LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at approximately $32,000. West Oak Capital LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at approximately $34,000. Finally, Next Capital Management LLC purchased a new stake in Tyson Foods in the second quarter valued at approximately $35,000. 69.55% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Sally Grimes sold 57,774 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,910,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mary Oleksiuk sold 43,592 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total transaction of $3,600,699.20. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

Shares of Tyson Foods stock traded up $0.78 during trading hours on Wednesday, hitting $82.24. The company had a trading volume of 97,739 shares, compared to its average volume of 2,667,434. The company’s 50-day moving average is $86.51 and its two-hundred day moving average is $77.65. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $94.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. The company has a market cap of $30.47 billion, a P/E ratio of 13.25 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the consensus estimate of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 5.5 EPS for the current year.

A number of analysts have issued reports on the company. Mizuho boosted their target price on Tyson Foods from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. set a $83.00 target price on Tyson Foods and gave the stock a “hold” rating in a research note on Monday, August 12th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, May 14th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Thursday, August 8th. Finally, Credit Suisse Group lifted their target price on Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and a consensus target price of $85.58.

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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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