Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Trimmed by Poplar Forest Capital LLC

Poplar Forest Capital LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,693 shares of the company’s stock after selling 3,696 shares during the quarter. Tyson Foods comprises approximately 4.4% of Poplar Forest Capital LLC’s portfolio, making the stock its 8th largest holding. Poplar Forest Capital LLC owned approximately 0.15% of Tyson Foods worth $32,621,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Greenwood Capital Associates LLC acquired a new position in shares of Tyson Foods in the third quarter worth $1,074,000. Catalyst Capital Advisors LLC grew its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. National Pension Service grew its stake in shares of Tyson Foods by 30.6% in the third quarter. National Pension Service now owns 643,482 shares of the company’s stock worth $38,326,000 after acquiring an additional 150,754 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Tyson Foods in the third quarter worth $179,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Tyson Foods by 149.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock worth $25,124,000 after purchasing an additional 252,635 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Citigroup reduced their price target 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. Stephens initiated coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price target for the company. Finally, Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $59.16 on Thursday. Tyson Foods, Inc. has a 12 month low of $45.13 and a 12 month high of $66.88. The business has a 50-day moving average of $60.51 and a two-hundred day moving average of $59.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market capitalization of $21.05 billion, a PE ratio of -986.00, a P/E/G ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. Tyson Foods’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, research analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods 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.