18,696 Tyson Foods, Inc. $TSN Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 471.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,662 shares of the company’s stock after purchasing an additional 18,696 shares during the quarter. Machina Capital S.A.S.’s holdings in Tyson Foods were worth $1,145,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 4.4% in the 3rd quarter. Pzena Investment Management LLC now owns 17,768,718 shares of the company’s stock worth $897,853,000 after buying an additional 752,067 shares during the period. Hsbc Holdings PLC grew its position in Tyson Foods by 57.8% during the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock valued at $59,560,000 after acquiring an additional 340,671 shares during the period. Amundi grew its position in 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 acquiring an additional 294,328 shares during the period. Bank of America Corp DE increased its stake in Tyson Foods by 17.8% during the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock worth $103,195,000 after acquiring an additional 243,060 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Tyson Foods during the second quarter worth about $11,267,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSN has been the topic of several research analyst reports. Weiss Ratings raised Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. upgraded shares of Tyson Foods from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $65.00 to $63.00 in a research note on Friday, September 18th. Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Piper Sandler cut their target price on shares of 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, HSBC reduced their target price 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. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.78.

Tyson Foods Price Performance

TSN stock opened at $59.27 on Friday. The firm has a market cap of $20.85 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.38. 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, Inc. has a 1 year low of $49.96 and a 1 year high of $69.48. The stock has a 50-day simple moving average of $54.24 and a 200-day simple moving average of $59.49.

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.