OVERSEA CHINESE BANKING Corp Ltd Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

OVERSEA CHINESE BANKING Corp Ltd increased its position in Tyson Foods, Inc. (NYSE:TSN) by 13.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,628 shares of the company’s stock after acquiring an additional 804 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Tyson Foods were worth $395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Davis Selected Advisers bought a new stake in shares of Tyson Foods during the 2nd quarter valued at $177,439,000. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after acquiring an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Tyson Foods in the second quarter worth about $29,537,000. Van ECK Associates Corp grew its position in shares of 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 lifted its holdings in Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $63.32 on Thursday. The stock has a 50 day moving average price of $60.14 and a 200-day moving average price of $59.67. Tyson Foods, Inc. has a one year low of $45.38 and a one year high of $66.88. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday. Stephens lifted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays raised their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Company 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.