Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 368,743 shares of the company's stock after acquiring an additional 13,066 shares during the period. Principal Financial Group Inc. owned about 0.10% of Tyson Foods worth $21,962,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSN. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company's stock worth $804,450,000 after acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Davis Selected Advisers purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at $177,439,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Tyson Foods by 5.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company's stock worth $111,247,000 after buying an additional 91,627 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock worth $72,839,000 after buying an additional 398,404 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 1.4 %

TSN stock traded up $0.91 during midday trading on Thursday, hitting $64.21. 1,727,604 shares of the company's stock were exchanged, compared to its average volume of 2,452,621. The stock has a market capitalization of $22.85 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 current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $60.09 and a 200-day moving average price of $59.69. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSN shares. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Stephens increased their price target on Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Finally, Citigroup reduced their price target 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Tyson Foods has an average rating of "Hold" and an average price target 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.