Citizens Financial Group Inc RI lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 36.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 951 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Tyson Foods were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $26,000. Valeo Financial Advisors LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $32,000. West Oak Capital LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $34,000. Next Capital Management LLC purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $35,000. Finally, Advantage Investment Management LLC lifted its stake in Tyson Foods by 283.9% in the 2nd quarter. Advantage Investment Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 69.43% of the company’s stock.
TSN has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Tyson Foods in a research note on Friday, October 25th. They issued a “buy” rating and a $97.00 target price on the stock. Mizuho increased their target price on shares of Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Thursday, August 8th. ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Stephens set a $95.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods presently has an average rating of “Buy” and an average price target of $87.50.
Shares of NYSE:TSN opened at $83.47 on Thursday. The company’s fifty day moving average price is $83.08 and its 200-day moving average price is $82.31. The firm has a market capitalization of $30.52 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 3.17 and a beta of 0.43. Tyson Foods, Inc. has a one year low of $49.77 and a one year high of $94.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.47. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 5.49 EPS for the current year.
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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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