Chemical Bank cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 9.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,474 shares of the company’s stock after selling 3,025 shares during the period. Chemical Bank’s holdings in Tyson Foods were worth $1,814,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of TSN. BerganKDV Wealth Management LLC acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $103,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $106,000. MUFG Americas Holdings Corp raised its holdings in shares of Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after purchasing an additional 858 shares during the last quarter. Fort L.P. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $119,000. Finally, Cerebellum GP LLC bought a new position in shares of Tyson Foods in the third quarter valued at $170,000. Institutional investors own 70.18% of the company’s stock.
TSN stock opened at $61.50 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. Tyson Foods, Inc. has a one year low of $56.79 and a one year high of $84.65. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.94 and a beta of 0.17.
TSN has been the subject of several analyst reports. Barclays decreased their target price on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Tuesday, July 31st. Pivotal Research reissued a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research note on Monday, August 6th. BMO Capital Markets decreased their target price on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, ValuEngine raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.56.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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