Tyson Foods (TSN) Stock Price Down 5.6%
Tyson Foods, Inc. (NYSE:TSN) shares traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as $57.01 and last traded at $58.17. 7,830,845 shares changed hands during trading, an increase of 228% from the average session volume of 2,389,792 shares. The stock had previously closed at $61.61.
Several research analysts recently issued reports on the company. Pivotal Research restated a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday. Standpoint Research assumed coverage on Tyson Foods in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, Mizuho set a $82.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Tyson Foods has an average rating of “Hold” and a consensus price target of $74.56.
The company has a market capitalization of $22.72 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.94 and a beta of 0.17. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71.
A number of hedge funds have recently added to or reduced their stakes in TSN. Unigestion Holding SA purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $89,673,000. Columbus Hill Capital Management L.P. purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $72,553,000. Levin Capital Strategies L.P. grew its stake in Tyson Foods by 9,215.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 1,033,867 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,022,768 shares during the period. Northern Trust Corp grew its stake in Tyson Foods by 13.1% in the 2nd quarter. Northern Trust Corp now owns 6,239,551 shares of the company’s stock worth $429,594,000 after acquiring an additional 722,092 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $36,249,000. 69.47% of the stock is owned by hedge funds and other institutional investors.
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Tyson Foods Company Profile (NYSE:TSN)
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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