Gabelli Funds LLC Decreases Holdings in Tyson Foods, Inc. (TSN)
Gabelli Funds LLC lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,000 shares of the company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in Tyson Foods were worth $6,975,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Sun Life Financial INC lifted its stake in Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after buying an additional 2,100 shares during the last quarter. Washington Trust Bank lifted its stake in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Tyson Foods by 27,492.3% in the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after buying an additional 3,574 shares during the last quarter. IFP Advisors Inc lifted its stake in Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after buying an additional 359 shares during the last quarter. Finally, Cadence Bank NA bought a new stake in shares of Tyson Foods during the third quarter valued at about $200,000. 71.01% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of C$0.53, for a total transaction of C$56,849.92. Also, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$65.97, for a total value of C$9,572,247.00. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.
Several brokerages have commented on TSN. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Thursday, August 10th. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Fundamental Research set a C$1.82 price target on Tyson Foods and gave the stock a “buy” rating in a research note on Thursday, August 17th. Royal Bank Of Canada lifted their price target on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Pivotal Research reissued a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$69.17.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/12/gabelli-funds-llc-decreases-holdings-in-tyson-foods-inc-tsn.html.
Shares of Tyson Foods, Inc. (TSN) opened at C$74.14 on Friday. The stock has a market capitalization of $26,636.80, a P/E ratio of 15.32 and a beta of 0.30. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Tyson Foods, Inc. has a 1 year low of C$55.72 and a 1 year high of C$74.30.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.