Tyson Foods, Inc. $TSN Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 588,113 shares of the company’s stock after selling 23,382 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Tyson Foods were worth $29,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TSN. Reyes Financial Architecture Inc. acquired a new stake in Tyson Foods during the 3rd quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $30,000. Basecamp Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 341 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of Tyson Foods in the second quarter worth approximately $31,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE TSN opened at $60.11 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $21.15 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.00 and a beta of 0.38. The company has a 50 day moving average price of $53.79 and a two-hundred day moving average price of $59.53. Tyson Foods, Inc. has a 12-month low of $49.96 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. Tyson Foods’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSN shares. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Barclays dropped their price objective on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. BMO Capital Markets cut their target price on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Piper Sandler decreased their target price on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Finally, Zacks Research downgraded shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.78.

About Tyson Foods

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.