Becker Capital Management Inc. Acquires 11,611 Shares of Tyson Foods, Inc. (NYSE:TSN)

Becker Capital Management Inc. grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,387 shares of the company’s stock after buying an additional 11,611 shares during the quarter. Becker Capital Management Inc.’s holdings in Tyson Foods were worth $6,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 3.1% during the second quarter. Vanguard Group Inc. now owns 34,511,118 shares of the company’s stock valued at $2,545,539,000 after buying an additional 1,034,894 shares during the last quarter. State Street Corp boosted its holdings in shares of Tyson Foods by 3.5% in the second quarter. State Street Corp now owns 13,479,839 shares of the company’s stock valued at $994,273,000 after purchasing an additional 453,465 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tyson Foods by 2.5% in the second quarter. Geode Capital Management LLC now owns 5,862,318 shares of the company’s stock valued at $431,406,000 after purchasing an additional 142,936 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Tyson Foods by 6.8% in the second quarter. Victory Capital Management Inc. now owns 5,692,719 shares of the company’s stock valued at $419,895,000 after purchasing an additional 364,213 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Tyson Foods by 2.4% in the second quarter. Northern Trust Corp now owns 4,792,365 shares of the company’s stock valued at $353,484,000 after purchasing an additional 113,521 shares during the period. 65.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on TSN. Stephens boosted their price target on Tyson Foods from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 16th. Credit Suisse Group upped their target price on Tyson Foods from $75.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, November 16th. Bank of America upped their target price on Tyson Foods from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 16th. Seaport Res Ptn restated a “neutral” rating on shares of Tyson Foods in a report on Monday, August 9th. Finally, Piper Sandler upped their target price on Tyson Foods from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, November 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.50.

In other Tyson Foods news, Director Noel W. White sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $83.01, for a total value of $498,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Lynn Langholz sold 6,014 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $83.00, for a total value of $499,162.00. The disclosure for this sale can be found here. In the last three months, insiders sold 42,014 shares of company stock valued at $3,484,222. Corporate insiders own 1.82% of the company’s stock.

NYSE TSN remained flat at $$83.24 during trading on Thursday. The company’s stock had a trading volume of 1,314,432 shares, compared to its average volume of 1,879,946. The company has a current ratio of 1.49, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $30.36 billion, a P/E ratio of 12.75, a PEG ratio of 1.59 and a beta of 0.78. The firm’s fifty day moving average is $80.08 and its 200 day moving average is $77.57. Tyson Foods, Inc. has a fifty-two week low of $62.47 and a fifty-two week high of $85.61.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 15th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $12.81 billion during the quarter, compared to the consensus estimate of $12.69 billion. Tyson Foods had a return on equity of 18.28% and a net margin of 5.22%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $1.81 earnings per share. On average, research analysts forecast that Tyson Foods, Inc. will post 8.27 earnings per share for the current fiscal year.

Tyson Foods Company Profile

Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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