First Eagle Investment Management LLC raised its position in Tyson Foods, Inc. (NYSE:TSN) by 43.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 811,756 shares of the company’s stock after purchasing an additional 246,900 shares during the quarter. First Eagle Investment Management LLC owned 0.23% of Tyson Foods worth $57,188,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TSN. Sun Life Financial INC raised its position in Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares during the period. Washington Trust Bank raised its position in Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after purchasing an additional 840 shares during the period. Stevens First Principles Investment Advisors purchased a new stake in Tyson Foods in the 3rd quarter worth about $141,000. Archford Capital Strategies LLC raised its position in Tyson Foods by 27,492.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after purchasing an additional 3,574 shares during the period. Finally, IFP Advisors Inc raised its position in Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the period. 70.69% of the stock is currently owned by institutional investors.
A number of brokerages have commented on TSN. BMO Capital Markets upped their target price on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research note on Tuesday. Pivotal Research upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a research note on Monday. Morgan Stanley began coverage on shares of Tyson Foods in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 target price on the stock. KeyCorp began coverage on shares of Tyson Foods in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research note on Wednesday, October 4th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Tyson Foods has an average rating of “Buy” and an average price target of $72.45.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $0.53, for a total transaction of $56,849.92. Company insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded up $1.45 during midday trading on Tuesday, hitting $75.59. 5,475,200 shares of the company’s stock were exchanged, compared to its average volume of 2,654,427. The stock has a market capitalization of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. Tyson Foods, Inc. has a fifty-two week low of $55.72 and a fifty-two week high of $75.82. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. sell-side analysts forecast that Tyson Foods, Inc. will post 5.25 earnings per share for the current year.
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About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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