Oppenheimer Asset Management Inc. Sells 6,507 Shares of Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 284,384 shares of the company’s stock after selling 6,507 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.08% of Tyson Foods worth $16,938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of Tyson Foods by 100.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after acquiring an additional 5,175 shares during the period. Cetera Advisors LLC increased its stake in shares of Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after buying an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Tyson Foods in the first quarter worth about $527,000. Finally, Sei Investments Co. increased its position in Tyson Foods by 14.9% in the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after purchasing an additional 25,527 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.6 %

Shares of Tyson Foods stock traded down $0.38 on Wednesday, reaching $62.28. 378,926 shares of the company were exchanged, compared to its average volume of 2,445,031. Tyson Foods, Inc. has a one year low of $45.38 and a one year high of $66.88. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of -1,022.50, a PEG ratio of 0.37 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $60.14 and a 200 day moving average of $59.67.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.28. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.57 billion for the quarter, compared to analysts’ expectations of $13.33 billion. On average, equities research analysts forecast that Tyson Foods, Inc. will post 2.83 earnings per share for the current year.

Analyst Ratings Changes

TSN has been the subject of several analyst reports. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Barclays boosted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Stephens started coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Finally, Citigroup decreased their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $59.22.

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.