National Pension Service Acquires 150,754 Shares of Tyson Foods, Inc. (NYSE:TSN)

National Pension Service grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 30.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 643,482 shares of the company's stock after purchasing an additional 150,754 shares during the quarter. National Pension Service owned approximately 0.18% of Tyson Foods worth $38,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Wealth Enhancement Advisory Services LLC increased its position in Tyson Foods by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company's stock worth $553,000 after buying an additional 336 shares during the period. Norden Group LLC acquired a new position in Tyson Foods during the 1st quarter valued at $634,000. Janney Montgomery Scott LLC boosted its holdings in Tyson Foods by 7.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,128 shares of the company's stock valued at $1,476,000 after purchasing an additional 1,834 shares during the period. Nordea Investment Management AB grew its position in Tyson Foods by 4.9% in the 1st quarter. Nordea Investment Management AB now owns 20,833 shares of the company's stock worth $1,227,000 after purchasing an additional 976 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Tyson Foods by 128.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,765 shares of the company's stock worth $632,000 after purchasing an additional 6,044 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Tyson Foods stock traded down $0.45 during trading hours on Thursday, hitting $58.71. 1,884,306 shares of the stock were exchanged, compared to its average volume of 2,432,380. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88. The business's 50-day moving average is $60.51 and its two-hundred day moving average is $59.70. 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 stock has a market capitalization of $20.89 billion, a P/E ratio of -979.67, a P/E/G ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business's revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Equities research analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Piper Sandler cut Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, Barclays increased their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $59.22.

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.