Tyson Foods INC (TSN) Shareholder Iridian Asset Management LLC Increased Its Stake

July 27, 2018 - By Mark Babin

Tyson Foods, Inc. (NYSE:TSN) LogoInvestors sentiment decreased to 1.04 in 2018 Q1. Its down 0.08, from 1.12 in 2017Q4. It dropped, as 53 investors sold TSN shares while 200 reduced holdings. 62 funds opened positions while 201 raised stakes. 255.20 million shares or 0.24% more from 254.57 million shares in 2017Q4 were reported. Newfocus Fincl Gp Limited Liability Company stated it has 27,796 shares. Hollencrest Mngmt holds 0.1% or 10,000 shares in its portfolio. Mackenzie Fincl Corp holds 0% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 23,965 shares. Commerzbank Aktiengesellschaft Fi has 0.09% invested in Tyson Foods, Inc. (NYSE:TSN). 800 were reported by Vigilant Capital Mgmt Limited Liability Company. Moreover, Cambridge Invest Research Advsr has 0.05% invested in Tyson Foods, Inc. (NYSE:TSN). New Jersey-based Advsr Capital Management Ltd Liability Company has invested 0.18% in Tyson Foods, Inc. (NYSE:TSN). Natixis Advsr LP reported 0.02% stake. Moreover, Massmutual Trust Com Fsb Adv has 0% invested in Tyson Foods, Inc. (NYSE:TSN). Manufacturers Life Ins The owns 0.02% invested in Tyson Foods, Inc. (NYSE:TSN) for 300,092 shares. Livforsakringsbolaget Skandia Omsesidigt has 100,073 shares for 0.51% of their portfolio. Meeder Asset Mgmt Inc stated it has 0.55% in Tyson Foods, Inc. (NYSE:TSN). First Limited Partnership has invested 0.13% in Tyson Foods, Inc. (NYSE:TSN). Cornerstone, a Alabama-based fund reported 20,000 shares. Parkside Commercial Bank And Trust has invested 0% in Tyson Foods, Inc. (NYSE:TSN).

Since February 15, 2018, it had 0 insider purchases, and 5 sales for $3.94 million activity. $620,476 worth of Tyson Foods, Inc. (NYSE:TSN) was sold by White Noel W on Tuesday, June 19. On Thursday, February 15 the insider Banister Gaurdie E. JR. sold $589,394. Rouse Scott also sold $10,772 worth of Tyson Foods, Inc. (NYSE:TSN) on Thursday, June 14. $1.33 million worth of Tyson Foods, Inc. (NYSE:TSN) shares were sold by Grimes Sally.

Iridian Asset Management Llc increased its stake in Tyson Foods Inc (TSN) by 7.52% based on its latest 2018Q1 regulatory filing with the SEC. Iridian Asset Management Llc bought 410,865 shares as the company’s stock declined 8.08% with the market. The hedge fund held 5.87 million shares of the consumer non-durables company at the end of 2018Q1, valued at $429.86M, up from 5.46 million at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Tyson Foods Inc for a number of months, seems to be bullish on the $23.42B market cap company. The stock increased 1.74% or $1.09 during the last trading session, reaching $63.71. About 2.63M shares traded or 22.45% up from the average. Tyson Foods, Inc. (NYSE:TSN) has risen 19.78% since July 27, 2017 and is uptrending. It has outperformed by 7.21% the S&P500.

Iridian Asset Management Llc, which manages about $11.52 billion and $11.15B US Long portfolio, decreased its stake in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 2.27M shares to 7.15M shares, valued at $88.31 million in 2018Q1, according to the filing. It also reduced its holding in Activision Blizzard Inc (NASDAQ:ATVI) by 1.30 million shares in the quarter, leaving it with 2.10 million shares, and cut its stake in Allegheny Technologies Inc (NYSE:ATI).

Another recent and important Tyson Foods, Inc. (NYSE:TSN) news was published by Globenewswire.com which published an article titled: “Tyson Foods to Hold Third Quarter Earnings Call August 6” on July 23, 2018.

Tyson Foods, Inc. (NYSE:TSN) Ratings Coverage

Among 8 analysts covering Tyson Foods (NYSE:TSN), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Tyson Foods has $92.0 highest and $7100 lowest target. $80.50’s average target is 26.35% above currents $63.71 stock price. Tyson Foods had 11 analyst reports since February 9, 2018 according to SRatingsIntel. Credit Suisse maintained it with “Hold” rating and $7100 target in Tuesday, May 8 report. The firm has “Buy” rating given on Friday, February 9 by Mizuho. The firm earned “Equal-Weight” rating on Tuesday, May 8 by Morgan Stanley. The stock of Tyson Foods, Inc. (NYSE:TSN) has “Hold” rating given on Friday, April 20 by Vertical Group. The stock has “Neutral” rating by Buckingham Research on Tuesday, May 8. The rating was maintained by RBC Capital Markets with “Hold” on Friday, February 9. The rating was maintained by Piper Jaffray with “Buy” on Friday, February 9. The firm earned “Neutral” rating on Thursday, March 29 by Buckingham Research. The company was maintained on Tuesday, April 17 by RBC Capital Markets.

Tyson Foods, Inc. (NYSE:TSN) Institutional Positions Chart

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