Tyson Foods, Inc. $TSN Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,768,718 shares of the company’s stock after buying an additional 752,067 shares during the quarter. Tyson Foods comprises 2.7% of Pzena Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. Pzena Investment Management LLC owned about 5.05% of Tyson Foods worth $897,853,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE grew its stake in Tyson Foods by 17.8% in the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after buying an additional 243,060 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Tyson Foods by 5.2% in the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares in the last quarter. Amundi raised its stake in shares of Tyson Foods by 31.6% during the 1st quarter. Amundi now owns 1,225,806 shares of the company’s stock valued at $78,537,000 after purchasing an additional 294,328 shares during the period. Hsbc Holdings PLC lifted its holdings in Tyson Foods by 57.8% during the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after purchasing an additional 340,671 shares in the last quarter. Finally, Markel Group Inc. grew its holdings in Tyson Foods by 0.6% during the 1st quarter. Markel Group Inc. now owns 889,500 shares of the company’s stock valued at $56,990,000 after buying an additional 5,000 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.06 on Thursday. The stock’s 50-day moving average is $53.72 and its 200 day moving average is $59.53. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 0.95 and a beta of 0.38. Tyson Foods, Inc. has a 1-year low of $49.96 and a 1-year high of $69.48. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. Tyson Foods’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TSN shares. Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Piper Sandler reduced their price target on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. HSBC decreased their price target on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays lowered their price objective on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $66.78.

Tyson Foods Company Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.