Tyson Foods, Inc. $TSN Stake Lifted by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 471.4% in the third quarter, HoldingsChannel reports. The firm owned 22,662 shares of the company’s stock after purchasing an additional 18,696 shares during the period. Machina Capital S.A.S.’s holdings in Tyson Foods were worth $1,145,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Keybank National Association OH raised its position in shares of Tyson Foods by 9.1% in the 3rd quarter. Keybank National Association OH now owns 356,363 shares of the company’s stock valued at $18,007,000 after purchasing an additional 29,777 shares in the last quarter. Fulcrum Asset Management LLP grew its position in shares of Tyson Foods by 24,027.8% during the third quarter. Fulcrum Asset Management LLP now owns 13,029 shares of the company’s stock worth $664,000 after buying an additional 12,975 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $221,000. Pictet Asset Management Holding SA increased its stake in shares of Tyson Foods by 1.5% in the third quarter. Pictet Asset Management Holding SA now owns 131,199 shares of the company’s stock worth $6,629,000 after buying an additional 1,989 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings 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 acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TSN. HSBC reduced their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upgraded shares of Tyson Foods from a “neutral” rating to an “overweight” rating and cut their target price for the company from $65.00 to $63.00 in a research note on Friday, September 18th. Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Piper Sandler cut their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Finally, Barclays decreased their target price on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.78.

Tyson Foods Stock Down 1.0%

NYSE:TSN opened at $59.27 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $54.24 and a 200-day moving average of $59.49. The firm has a market capitalization of $20.85 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.38. Tyson Foods, Inc. has a 52 week low of $49.96 and a 52 week high of $69.48.

Tyson Foods Company 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.