Amalgamated Bank Raises Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Amalgamated Bank increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,416 shares of the company’s stock after purchasing an additional 2,170 shares during the period. Amalgamated Bank’s holdings in Tyson Foods were worth $3,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock valued at $6,293,000 after buying an additional 7,921 shares in the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods during the third quarter valued at approximately $204,000. SG Americas Securities LLC lifted its position in shares of Tyson Foods by 157.1% during the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock worth $2,536,000 after purchasing an additional 28,833 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock valued at $1,074,000 after purchasing an additional 2,129 shares during the period. Finally, Markel Group Inc. increased its stake in Tyson Foods by 28.3% during the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after buying an additional 127,500 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the subject of several recent analyst reports. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and raised their target price for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Citigroup upped their target price on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group raised their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Piper Sandler increased their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, HSBC boosted their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.60.

Tyson Foods Stock Up 0.4 %

Shares of Tyson Foods stock opened at $59.14 on Thursday. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of -23.94, a PEG ratio of 0.49 and a beta of 0.74. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $57.89 and its 200-day simple moving average is $53.62.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same period last year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.05% of the stock is owned by company insiders.

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.