Keybank National Association OH Purchases 29,777 Shares of Tyson Foods, Inc. $TSN

Keybank National Association OH boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 356,363 shares of the company’s stock after acquiring an additional 29,777 shares during the quarter. Keybank National Association OH’s holdings in Tyson Foods were worth $18,007,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSN. Fulcrum Asset Management LLP raised its stake in shares of Tyson Foods by 24,027.8% in the third quarter. Fulcrum Asset Management LLP now owns 13,029 shares of the company’s stock worth $664,000 after purchasing an additional 12,975 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of Tyson Foods during the third quarter worth about $221,000. Pictet Asset Management Holding SA lifted its holdings in shares of Tyson Foods by 1.5% during the third quarter. Pictet Asset Management Holding SA now owns 131,199 shares of the company’s stock worth $6,629,000 after purchasing an additional 1,989 shares during the period. Alps Advisors Inc. boosted its position in Tyson Foods by 5.8% in the third quarter. Alps Advisors Inc. now owns 6,526 shares of the company’s stock valued at $330,000 after buying an additional 355 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in Tyson Foods in the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. HSBC decreased their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $65.00 to $63.00 in a report on Friday, September 18th. BMO Capital Markets cut their price objective on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. Finally, Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $66.78.

Tyson Foods Stock Performance

NYSE TSN opened at $59.88 on Thursday. The stock has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $59.52. The firm has a market capitalization of $21.06 billion, a P/E ratio of 36.96, a PEG ratio of 1.00 and a beta of 0.38. Tyson Foods, Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43.

Tyson Foods Profile

Tyson Foods, Inc. is a food company focused on protein production and prepared foods. Its businesses include chicken, beef and pork products, as well as ready-to-eat and other prepared foods sold to retail customers, food-service operators and industrial buyers. The company’s products are marketed under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and Wright. Offerings range from fresh and frozen meat to deli products, sausages, bacon and prepared meals. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas.