Assetmark Inc. Increases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Assetmark Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 392,729 shares of the company’s stock after purchasing an additional 9,526 shares during the period. Assetmark Inc. owned about 0.11% of Tyson Foods worth $23,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSN. Markel Group Inc. lifted its stake in Tyson Foods by 0.5% in the third quarter. Markel Group Inc. now owns 789,500 shares of the company’s stock valued at $47,023,000 after buying an additional 4,000 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Tyson Foods during the 3rd quarter worth $1,198,000. Philip James Wealth Mangement LLC acquired a new position in Tyson Foods in the third quarter valued at $201,000. Summit Global Investments purchased a new stake in shares of Tyson Foods in the third quarter valued at about $3,117,000. Finally, JB Capital LLC boosted its stake in shares of Tyson Foods by 3.3% during the third quarter. JB Capital LLC now owns 57,868 shares of the company’s stock worth $3,447,000 after buying an additional 1,860 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 1.5 %

Shares of NYSE TSN opened at $59.59 on Friday. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of -993.17, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. The firm has a 50-day moving average price of $60.29 and a 200 day moving average price of $59.69. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Several analysts have commented on TSN shares. BMO Capital Markets upped their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped 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. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, Stephens initiated coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $59.22.

About Tyson Foods

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.