Zurcher Kantonalbank Zurich Cantonalbank Buys 5,658 Shares of Tyson Foods, Inc. (NYSE:TSN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 121,547 shares of the company’s stock after acquiring an additional 5,658 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $7,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Davis Selected Advisers purchased a new stake in shares of Tyson Foods in the second quarter worth about $177,439,000. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Tyson Foods during the 2nd quarter valued at $29,537,000. Van ECK Associates Corp increased its holdings in shares of Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares during the period. Finally, Foundry Partners LLC purchased a new stake in shares of Tyson Foods in the second quarter worth $15,007,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSN. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler upped their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays increased their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

TSN stock opened at $64.50 on Monday. The firm has a market cap of $22.95 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The firm’s fifty day moving average is $60.41 and its 200 day moving average is $60.02. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last three months. Company insiders own 2.05% of the company’s stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.