JB Capital LLC Has $3.45 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

JB Capital LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,868 shares of the company’s stock after purchasing an additional 1,860 shares during the period. JB Capital LLC’s holdings in Tyson Foods were worth $3,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSN. Olympiad Research LP acquired a new position in shares of Tyson Foods during the 3rd quarter worth about $270,000. Principal Financial Group Inc. boosted its stake in Tyson Foods by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after acquiring an additional 13,066 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Tyson Foods during the third quarter valued at approximately $1,074,000. Catalyst Capital Advisors LLC increased its stake in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares in the last quarter. Finally, National Pension Service raised its holdings in Tyson Foods by 30.6% in the third quarter. National Pension Service now owns 643,482 shares of the company’s stock worth $38,326,000 after purchasing an additional 150,754 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.0 %

TSN stock traded down $0.01 during midday trading on Thursday, hitting $59.15. The company’s stock had a trading volume of 346,274 shares, compared to its average volume of 2,423,890. The company’s fifty day moving average price is $60.51 and its 200 day moving average price is $59.70. Tyson Foods, Inc. has a twelve month low of $45.13 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The stock has a market capitalization of $21.05 billion, a P/E ratio of -986.00, a PEG ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSN shares. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets boosted their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Bank of America cut their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.