Oppenheimer Asset Management Inc. Has $16.94 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer Asset Management Inc. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 284,384 shares of the company’s stock after selling 6,507 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Tyson Foods were worth $16,938,000 at the end of the most recent reporting period.

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

Tyson Foods Trading Down 0.6 %

TSN stock traded down $0.38 during mid-day trading on Wednesday, reaching $62.28. The company’s stock had a trading volume of 378,926 shares, compared to its average volume of 2,445,031. The company has a market cap of $22.16 billion, a price-to-earnings ratio of -1,022.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. The business’s 50 day moving average price is $60.14 and its 200 day moving average price is $59.67. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 12 month low of $45.38 and a 12 month high of $66.88.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSN. Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Citigroup cut their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price target for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Stephens began coverage on Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.22.

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.