Assetmark Inc. Acquires 9,526 Shares of Tyson Foods, Inc. (NYSE:TSN)

Assetmark Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,729 shares of the company's stock after acquiring an additional 9,526 shares during the period. Assetmark Inc. owned approximately 0.11% of Tyson Foods worth $23,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TSN. Janney Montgomery Scott LLC grew its position in Tyson Foods by 7.9% in the first quarter. Janney Montgomery Scott LLC now owns 25,128 shares of the company's stock valued at $1,476,000 after acquiring an additional 1,834 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Tyson Foods by 0.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 59,189 shares of the company's stock worth $3,476,000 after purchasing an additional 298 shares in the last quarter. Empirical Finance LLC lifted its stake in Tyson Foods by 3.6% in the 1st quarter. Empirical Finance LLC now owns 10,050 shares of the company's stock valued at $590,000 after purchasing an additional 348 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Tyson Foods by 16.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company's stock valued at $510,000 after buying an additional 1,220 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Tyson Foods by 145.2% during the first quarter. Empowered Funds LLC now owns 11,087 shares of the company's stock worth $651,000 after buying an additional 6,565 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Trading Up 1.5 %

Shares of NYSE:TSN traded up $0.88 during trading on Friday, reaching $59.59. The stock had a trading volume of 2,462,218 shares, compared to its average volume of 1,828,502. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm's fifty day moving average is $60.29 and its 200 day moving average is $59.68. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of -993.17, a P/E/G ratio of 0.38 and a beta of 0.78.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Stephens started coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $57.00 target price on the stock. Finally, StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $59.22.

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.