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

Pzena Investment Management LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 17,768,718 shares of the company’s stock after buying an additional 752,067 shares during the quarter. Tyson Foods accounts for 2.7% of Pzena Investment Management LLC’s portfolio, making the stock its 12th biggest position. Pzena Investment Management LLC owned 0.05% of Tyson Foods worth $897,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE lifted its position in Tyson Foods by 17.8% in the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after purchasing an additional 243,060 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Tyson Foods by 5.2% during 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 during the period. Amundi boosted its stake in shares of Tyson Foods by 31.6% during the first 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 grew its holdings in shares of Tyson Foods by 57.8% in the first 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 during the last quarter. Finally, Markel Group Inc. grew its holdings in shares of Tyson Foods by 0.6% in the first quarter. Markel Group Inc. now owns 889,500 shares of the company’s stock worth $56,990,000 after purchasing an additional 5,000 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

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

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSN. HSBC lowered their price target on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Barclays lowered their price objective on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. Finally, BMO Capital Markets reduced their price target on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.