Wealth Enhancement Advisory Services LLC Increases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,616 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tyson Foods were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSN. Davis Selected Advisers bought a new position in shares of Tyson Foods during the 2nd quarter worth $177,439,000. Pzena Investment Management LLC grew its holdings in 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 acquiring an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Tyson Foods during the 2nd quarter valued at about $29,537,000. Van ECK Associates Corp raised its holdings in shares of 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 purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 0.8 %

Shares of NYSE:TSN opened at $58.71 on Friday. The business’s 50-day moving average is $60.51 and its 200 day moving average is $59.70. 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 firm has a market capitalization of $20.89 billion, a P/E ratio of -978.50, a P/E/G ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSN. Stephens assumed coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective on the stock. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $59.22.

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 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.