Economy

Pegasus Partners Ltd. Increases Position in Tyson Foods, Inc

Pegasus Partners Ltd. Increases Position in Tyson Foods, Inc

Stocks to Watch: Tyson Foods, Inc. The institutional investor owned 7,678 shares of the company's stock after selling 2,737 shares during the quarter.

The stock price registered volatility 1.69% in past week and volatility was at 1.63% over a last month. Envestnet Asset Management Inc. grew its stake in Tyson Foods by 141.0% during the 4th quarter.

Once the concept of beta is understood, an investor can intuitively determine whether or not a particular stock has a high or low beta.

Tyson Foods, Inc., belongs to Consumer Goods sector and Meat Products industry. AXA now owns 53,982 shares of the company's stock worth $4,376,000 after purchasing an additional 1,500 shares during the last quarter. Tyson Foods has a twelve month low of $61.97 and a twelve month high of $84.65. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.60 as current ratio and on the opponent side the debt to equity ratio was 0.82 and long-term debt to equity ratio also remained 0.73. The third largest holder is Blackrock Inc., which now holds $1.44 billion worth of this stock and that ownership represents almost 6.76% of its market capitalization.

Tyson Foods, Inc. (NYSE:TSN) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges.

Tyson also listed "sluggish" domestic chicken demand due to pricing competition in proteins, suppressed prices of pork products, and a less-than-expected benefit from U.S. tax reforms amounting to $0.77 per share versus $0.85 previously. The publicly-traded organization reported revenue of $9,773.00 million for the quarter, compared to the average analyst forecast calling for $9,893.19 million, which was missing the analyst consensus estimate. During the same period past year, the company earned $1.01 EPS.

More news: Ohio State investigating Urban Meyer, with job in balance

The food company cut its full-year guidance to $5.70 to $6 per share, down from prior per share estimates of $6.55 to $6.70.

3M Company (NYSE:MMM) subtracted -0.26% to its trading price by the close of the most recent session, dropping from its previous closing price of $207.96 to $207.42. The ex-dividend date of this dividend is Thursday, August 30th.

Several research firms recently commented on TSN. Credit Suisse Group set a $71.00 price target on shares of Tyson Foods and gave the company a "hold" rating in a research note on Tuesday, May 8th. The measures have sent hog prices plunging, eroding the profitability at Tyson's port business. Finally, Stephens decreased their price target on Tyson Foods to $73.00 and set an "overweight" rating for the company in a report on Monday. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company.

ANALYSTS VIEWS: The current analyst consensus rating clocked at 2.2 on company shares based on data provided from FINVIZ.

In other news, insider Sally Grimes sold 19,258 shares of Tyson Foods stock in a transaction dated Sunday, July 1st. The stock was sold at an average price of $68.85 per share, amounting to a transaction worth $1,325,913. The sale was made public in a document filed with the SEC.

In related news, CEO Thomas P. Hayes sold 20,202 shares of the stock in a transaction on Sunday, July 1st. The company exchanged hands with 2373002 shares contrast to its average daily volume of 2.18M shares while its relative volume stands at 1.09.


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