OVERSEA CHINESE BANKING Corp Ltd Purchases 804 Shares of Tyson Foods, Inc. (NYSE:TSN)

OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,628 shares of the company’s stock after buying an additional 804 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Tyson Foods were worth $395,000 at the end of the most recent quarter.

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

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $63.32 on Thursday. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $45.38 and a 12 month high of $66.88. The company has a 50 day simple moving average of $60.14 and a two-hundred day simple moving average of $59.67. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

Several analysts recently weighed in on TSN shares. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America dropped their price objective 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. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Company 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.