12,975 Tyson Foods, Inc. $TSN Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its position in Tyson Foods, Inc. (NYSE:TSN) by 24,027.8% in the third quarter, HoldingsChannel.com reports. The fund owned 13,029 shares of the company’s stock after buying an additional 12,975 shares during the period. Fulcrum Asset Management LLP’s holdings in Tyson Foods were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TSN. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 4.4% in the 3rd quarter. Pzena Investment Management LLC now owns 17,768,718 shares of the company’s stock valued at $897,853,000 after purchasing an additional 752,067 shares during the period. Bank of America Corp DE lifted its stake in Tyson Foods by 17.8% in the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after purchasing an additional 243,060 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Tyson Foods by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. Amundi grew its holdings in Tyson Foods by 31.6% during the first quarter. Amundi now owns 1,225,806 shares of the company’s stock worth $78,537,000 after purchasing an additional 294,328 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Tyson Foods by 57.8% during the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after purchasing an additional 340,671 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.0%

Shares of TSN opened at $59.27 on Friday. Tyson Foods, Inc. has a 52 week low of $49.96 and a 52 week high of $69.48. The firm has a market cap of $20.85 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.38. The firm’s 50-day simple moving average is $54.24 and its 200 day simple moving average is $59.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSN. JPMorgan Chase & Co. raised Tyson Foods from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $65.00 to $63.00 in a research report on Friday, September 18th. Piper Sandler cut their price objective on Tyson Foods from $66.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. HSBC reduced their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $66.78.

Tyson Foods Profile

Tyson Foods, Inc. is a food company focused on protein production and prepared foods. Its businesses include chicken, beef and pork products, as well as ready-to-eat and other prepared foods sold to retail customers, food-service operators and industrial buyers. The company’s products are marketed under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and Wright. Offerings range from fresh and frozen meat to deli products, sausages, bacon and prepared meals. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas.