Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 368,743 shares of the company’s stock after buying an additional 13,066 shares during the quarter. Principal Financial Group Inc.’s holdings in Tyson Foods were worth $21,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Davis Selected Advisers acquired a new stake in shares of Tyson Foods in the 2nd quarter worth about $177,439,000. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. bought a new position in Tyson Foods in the 2nd quarter worth approximately $29,537,000. Van ECK Associates Corp increased its position in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the period. Finally, National Bank of Canada FI raised its stake in Tyson Foods by 138.7% during the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after acquiring an additional 336,487 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE TSN opened at $63.32 on Thursday. Tyson Foods, Inc. has a 1 year low of $45.38 and a 1 year high of $66.88. The business’s fifty day moving average is $60.14 and its two-hundred day moving average is $59.67. The stock has a market capitalization of $22.53 billion, a P/E ratio of 28.14, a P/E/G ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.67.

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.