ACR Alpine Capital Research LLC Acquires New Holdings in Tyson Foods, Inc. $TSN

Key Points

• ACR Alpine Capital Research opened a Tyson Foods position in the third quarter, acquiring 98,195 shares valued at approximately $4.96 million. Institutional investors own about 67% of the stock.
• Analyst sentiment is mixed: five analysts rate TSN a Buy, six a Hold, and one a Sell. The consensus rating is Hold, with an average price target of $66.78.
• Tyson reported quarterly EPS of $0.99, matching estimates, while revenue of $13.87 billion missed expectations of $14.07 billion and declined 0.1% year over year.

ACR Alpine Capital Research LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,195 shares of the company's stock, valued at approximately $4,962,000.

Several other large investors also recently added to or reduced their stakes in TSN. Ascentis Independent Advisors bought a new position in shares of Tyson Foods in the first quarter worth about $30,000. Basecamp Wealth Advisors LLC grew its stake in shares of Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock valued at $30,000 after acquiring an additional 341 shares during the period. Cedar Mountain Advisors LLC grew its stake in shares of Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock valued at $31,000 after acquiring an additional 364 shares during the period. Reyes Financial Architecture Inc. purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $28,000. Finally, Archer Investment Corp purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $31,000. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSN has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Tyson Foods from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. upgraded shares of Tyson Foods from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $65.00 to $63.00 in a research note on Friday, September 18th. BMO Capital Markets dropped their target price on shares of Tyson Foods from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, September 4th. Piper Sandler cut their price target on Tyson Foods from $66.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, October 7th. Finally, Barclays decreased their price target on Tyson Foods from $78.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $66.78.

Tyson Foods Stock Performance

TSN opened at $60.11 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a market capitalization of $21.15 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.00 and a beta of 0.38. The company has a fifty day moving average of $53.79 and a 200 day moving average of $59.53. Tyson Foods, Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

About Tyson Foods

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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