Ensign Peak Advisors Inc Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Ensign Peak Advisors Inc raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,205,483 shares of the company’s stock after acquiring an additional 12,811 shares during the period. Ensign Peak Advisors Inc owned approximately 0.34% of Tyson Foods worth $69,243,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSN. Vanguard Group Inc. raised its stake in Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock worth $400,712,000 after acquiring an additional 178,785 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock worth $270,014,000 after acquiring an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Finally, Norges Bank purchased a new stake in Tyson Foods during the fourth quarter valued at about $175,086,000. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSN shares. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Finally, UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.63.

Tyson Foods Price Performance

TSN opened at $55.31 on Friday. The stock’s 50 day moving average price is $60.33 and its 200-day moving average price is $59.65. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The stock has a market capitalization of $19.70 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same period last year, the company posted $0.62 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

About Tyson Foods

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.