Fisher Asset Management LLC Grows Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Fisher Asset Management LLC grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 18.6% during the fourth quarter, HoldingsChannel reports. The fund owned 48,507 shares of the company’s stock after purchasing an additional 7,623 shares during the period. Fisher Asset Management LLC’s holdings in Tyson Foods were worth $2,607,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management grew its holdings in shares of Tyson Foods by 30.0% during the fourth quarter. Triumph Capital Management now owns 30,194 shares of the company’s stock worth $1,623,000 after purchasing an additional 6,963 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Tyson Foods by 1.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 41,774 shares of the company’s stock valued at $2,245,000 after buying an additional 560 shares during the last quarter. Mach 1 Financial Group LLC purchased a new stake in Tyson Foods in the fourth quarter valued at approximately $263,000. Gibraltar Capital Management Inc. grew its position in shares of Tyson Foods by 8.9% during the fourth quarter. Gibraltar Capital Management Inc. now owns 14,059 shares of the company’s stock worth $756,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Altrius Capital Management Inc increased its holdings in shares of Tyson Foods by 3.2% in the 4th quarter. Altrius Capital Management Inc now owns 66,151 shares of the company’s stock valued at $3,556,000 after acquiring an additional 2,062 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the firm’s 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 transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 0.4 %

TSN opened at $59.14 on Thursday. The firm has a market cap of $21.07 billion, a P/E ratio of -23.94, a PEG ratio of 0.49 and a beta of 0.74. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $62.04. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $57.89 and its 200 day simple moving average is $53.62.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TSN shares. Piper Sandler raised their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup lifted their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. HSBC upped their price target on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Tyson Foods from $58.00 to $59.00 in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.60.

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.