Covestor Ltd Raises Holdings in Tyson Foods, Inc. (NYSE:TSN)

Covestor Ltd boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 987.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,914 shares of the company’s stock after acquiring an additional 1,738 shares during the quarter. Covestor Ltd’s holdings in Tyson Foods were worth $114,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TSN. Davis Selected Advisers purchased a new position in Tyson Foods in the second quarter valued at $177,439,000. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Tyson Foods in the 2nd quarter worth about $29,537,000. Van ECK Associates Corp boosted its position in Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in Tyson Foods by 138.7% in the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after purchasing an additional 336,487 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN stock opened at $62.65 on Wednesday. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market capitalization of $22.29 billion, a PE ratio of -1,044.17, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. The business has a 50 day simple moving average of $60.18 and a 200-day simple moving average of $59.65.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. BMO Capital Markets upped their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Barclays upped their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.22.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.