Mirae Asset Global Investments Co. Ltd. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 3rd quarter, Holdings Channel reports. The fund purchased 72,660 shares of the company’s stock, valued at approximately $3,672,000.
Several other large investors have also modified their holdings of the business. Hsbc Holdings PLC increased its stake in shares of Tyson Foods by 57.8% during the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after purchasing an additional 340,671 shares in the last quarter. Amundi grew its holdings in Tyson Foods by 31.6% during the 1st quarter. Amundi now owns 1,225,806 shares of the company’s stock valued at $78,537,000 after buying an additional 294,328 shares during the last quarter. Bank of America Corp DE grew its holdings in Tyson Foods by 17.8% during the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after buying an additional 243,060 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Tyson Foods during the second quarter worth $11,267,000. Finally, Fifth Third Bancorp raised its holdings in shares of Tyson Foods by 1,605.1% in the first quarter. Fifth Third Bancorp now owns 135,024 shares of the company’s stock worth $8,651,000 after acquiring an additional 127,105 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Trading Down 0.7%
Shares of TSN stock traded down $0.41 during mid-day trading on Friday, hitting $59.70. 3,458,645 shares of the company’s stock were exchanged, compared to its average volume of 3,130,137. Tyson Foods, Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $69.48. The stock has a 50-day simple moving average of $53.88 and a two-hundred day simple moving average of $59.53. 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 cap of $21.00 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 0.95 and a beta of 0.38.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TSN. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Piper Sandler dropped their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. 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 note on Friday, September 4th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Finally, Barclays lowered their price target on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $66.78.
View Our Latest Stock Analysis on TSN
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.
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