National Bank of Canada FI Purchases 36,647 Shares of Tyson Foods, Inc. (NYSE:TSN)

National Bank of Canada FI lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.8% during the fourth quarter, HoldingsChannel reports. The firm owned 242,592 shares of the company’s stock after buying an additional 36,647 shares during the quarter. National Bank of Canada FI’s holdings in Tyson Foods were worth $13,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after acquiring an additional 200,586 shares in the last quarter. FMR LLC raised its position in shares of Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tyson Foods by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock valued at $333,152,000 after purchasing an additional 223,447 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of Tyson Foods in the 3rd quarter valued at approximately $274,707,000. Finally, Northern Trust Corp raised its holdings in Tyson Foods by 2.6% during the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after buying an additional 134,778 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TSN shares. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and raised their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. HSBC raised their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday. Citigroup lifted their target price on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler upped their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.60.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 0.4 %

TSN stock opened at $59.14 on Thursday. The stock has a market capitalization of $21.07 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $57.89 and a 200-day moving average price of $53.62. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

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.