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Tyson Foods profit tops estimates, shares rise 5 percent

Tyson Foods profit tops estimates, shares rise 5 percent

The hedge fund run by Jonathan Auerbach held 1.70 million shares of the technology company at the end of 2017Q3, valued at $96.56 million, up from 1.52 million at the end of the previous reported quarter. Institutional investors own 71.09% of the company's stock. The stock increased 0.10% or $0.02 during the last trading session, reaching $20.01. About 3.24M shares traded or 38.92% up from the average. SPS Commerce, Inc. (NASDAQ:SPSC) has risen 11.79% since February 8, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Weatherly Asset Management increased its stake in Tyson Foods Inc (TSN) by 179.66% based on its latest 2017Q3 regulatory filing with the SEC. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company's stock valued at $15,849,000 after acquiring an additional 136,695 shares during the last quarter.

Shares of Tyson Foods were up 6% in pre-market trade on Thursday. At the close of regular trading, its last week's stock price volatility was 2.21% which for the month reaches 2.91%. About 1.23 million shares traded. 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. It has underperformed by 26.64% the S&P500.The move comes after 5 months positive chart setup for the $28.01 billion company. It also reduced its holding in Lkq Corp (NASDAQ:LKQ) by 1.35M shares in the quarter, leaving it with 9.81 million shares, and cut its stake in Spirit Aerosystems Hldgs Inc (NYSE:SPR). Manulife Financial Corp. had 10 analyst reports since July 29, 2015 according to SRatingsIntel. Needham maintained the stock with "Buy" rating in Monday, October 23 report. The ex-dividend date is Wednesday, February 28th. The stock of SPS Commerce, Inc. Argus upgraded Tyson Foods from a "hold" rating to a "buy" rating and set a $90.00 price target for the company in a research note on Wednesday, November 15th. Pivotal Research maintained Tyson Foods, Inc. As per Friday, October 27, the company rating was maintained by Canaccord Genuity. The rating was maintained by Jefferies with "Buy" on Friday, June 3. (NASDAQ:SPSC) has "Overweight" rating given on Friday, September 30 by Pacific Crest.

Finally, Comerica Bank increased its stake in shares of Tyson Foods by 1.1% in the 3rd quarter. Its down 0.25, from 1.46 in 2017Q2. California Employees Retirement invested in 684,456 shares. Skylands Capital Llc, a Wisconsin-based fund reported 165,500 shares. First Citizens National Bank & Trust & Tru Com reported 51,302 shares. Fincl Bank Of Montreal Can reported 510,367 shares. Corporate insiders own 1.55% of the company's stock. (NASDAQ:TSRO) for 16,000 shares. Rafferty Asset Management Ltd owns 39,655 shares for 0.06% of their portfolio. Vanguard Grp invested in 24.33 million shares. Dupont Capital Mgmt has 86,606 shares. This tells us that when we include its growth in our analysis Tyson Foods's stock can be considered slightly overvalued, based on the fundamentals. 299 are owned by Wealthtrust.

Since August 29, 2017, it had 0 insider purchases, and 1 insider sale for $13,933 activity.

Investors sentiment decreased to 1.21 in 2017 Q3. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88.

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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 250.18 million shares or 0.40% less from 251.19 million shares in 2017Q2 were reported. Morgan Stanley has invested 0.01% in Tyson Foods, Inc. (NYSE:TSN). Nine Masts Limited owns 18,315 shares. (NYSE:TSN) for 39,655 shares. Senator Group Limited Partnership stated it has 400,000 shares or 0.69% of all its holdings. Moreover, Hartford Inv Management Co has 0.1% invested in Tyson Foods, Inc. Beacon Grp Inc has 0.05% invested in Tyson Foods, Inc.

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods.

Tyson Foods, Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $84.65. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. (NYSE:TSN) by 53.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). More interesting news about Tyson Foods, Inc. (NYSE:TSN). Zwj Investment Counsel reported 0.02% of its portfolio in Tyson Foods, Inc. Lsv Asset Mngmt stated it has 0.66% of its portfolio in Tyson Foods, Inc. (TSN) opened at $75.95 on Thursday. Kingdon Cap Llc invested in 0.75% or 162,796 shares.

Among 15 analysts covering Tyson Foods Inc. Therefore 60% are positive.

Tyson Foods Inc (TSN.N), the largest US meat processor, reported better-than-expected revenue and profit on Thursday on stronger sales of beef products and higher-margin prepared foods. Boenning & Scattergood has "Buy" rating and $75.0 target. As per Monday, October 30, the company rating was maintained by Jefferies. The firm has "Hold" rating by Pivotal Research given on Monday, November 13. Hayes Thomas P sold $4.40 million worth of Tyson Foods, Inc. The firm earned "Outperform" rating on Tuesday, October 11 by BMO Capital Markets.

Now insiders hold 8,726,679 shares in the business which makes up 2.38% of shares. Suntrust Robinson initiated the shares of SIX in report on Thursday, April 13 with "Buy" rating. The rating was downgraded by RBC Capital Markets to "Sector Perform" on Wednesday, January 3. (NYSE:TSN) on Tuesday, November 7 with "Hold" rating.