Principal Financial Group Inc. Has $21.96 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Principal Financial Group Inc. raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its stake in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the third quarter worth $36,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in Tyson Foods during the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Tyson Foods in the 3rd quarter valued at about $59,000. Institutional investors own 67.00% of the company’s stock.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 in the last three months. 2.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock 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 stock an “overweight” rating in a research report on Monday, September 9th. Piper Sandler lifted their price target 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. Finally, Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $57.74 on Thursday. The business has a 50 day moving average price of $61.06 and a 200-day moving average price of $60.31. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88. The company has a market cap of $20.55 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Tyson Foods 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.