Tyson Foods, Inc. (NYSE:TSN) Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,829 shares of the company’s stock after acquiring an additional 189 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TSN. Davis Selected Advisers acquired a new position in shares of Tyson Foods in the second quarter worth about $177,439,000. Pzena Investment Management LLC lifted its position 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 acquiring an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Tyson Foods in the 2nd quarter worth approximately $29,537,000. Van ECK Associates Corp grew its position in Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Tyson Foods during the 2nd quarter valued at $15,007,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Bank of America cut their target price 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. Finally, Piper Sandler lifted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

NYSE TSN opened at $63.79 on Tuesday. The firm has a market cap of $22.70 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The stock’s 50-day moving average is $60.17 and its two-hundred day moving average is $59.90. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Buying and Selling

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by insiders.

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.