Principal Financial Group Inc. Increases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Principal Financial Group Inc. grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 368,743 shares of the company’s stock after acquiring an additional 13,066 shares during the period. Principal Financial Group Inc.’s holdings in Tyson Foods were worth $21,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC grew its holdings in shares of Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Tyson Foods in the third quarter worth about $1,036,000. The Manufacturers Life Insurance Company boosted its holdings in Tyson Foods by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after acquiring an additional 18,317 shares during the period. Primecap Management Co. CA increased its stake in Tyson Foods by 28.7% in the 3rd quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock worth $25,831,000 after purchasing an additional 96,600 shares during the period. Finally, Citigroup Inc. lifted its position in Tyson Foods by 9.3% in the third quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock valued at $18,476,000 after purchasing an additional 26,352 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the topic of several analyst reports. Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Piper Sandler increased their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Stephens boosted their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a 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. Finally, BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company 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 given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Down 0.2 %

Shares of NYSE:TSN opened at $57.74 on Thursday. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 0.91 and a beta of 0.79. The stock has a fifty day simple moving average of $61.06 and a two-hundred day simple moving average of $60.31. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling

In other news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last quarter. Corporate insiders own 2.03% of the company’s stock.

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.