The Vanguard Group, Inc. recently announced the acquisition of new stake in Tyson Foods Inc. (NYSE:TSN). The institutional investor has increased its shareholding in the Consumer Defensive company by 0.38% to 36.72 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 12.76% valued currently at $2.29 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 39997.0 to 14.46 million shares. And Aristotle Capital Management LLC has lifted its position by 0.72% or 74455.0 shares – to 10.41 million shares.
With over 3.33 million Tyson Foods Inc. (TSN) shares trading Friday and a closing price of $64.03 on the day, the dollar volume was approximately $213.4 million. The shares have shown a negative half year performance of -26.04% and its price on 02/03/23 lost nearly -1.69%. Currently, there are 357.00M common shares owned by the public and among those 283.30M shares have been available to trade.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for TSN have a consensus price objective of $74.33. The analysts have set the share’s price value over the next 12 months at a high of $91.00 and a low of $58.00. The average price target is 14.63% above its recent price level and a downside to the estimated low will see the stock lose -10.4% over that period. But an upside of 29.64% will see the stock hit the forecast high price target while median target price for the stock is $73.00.
Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 297,038 shares. Insider sales of the common stock occurred on 55 occasions, with total insider shares sold totaling 247,813 shares.
The top 3 mutual fund holders in Tyson Foods Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 8.8 million shares of the company’s stock, all valued at over $548.04 million. The company bought an additional 82749.0 shares recently to bring their total holdings to about 3.06% of the shares outstanding. Vanguard Mid Cap Index Fund sold 31018.0 shares to see its total holdings shrink to 6.75 million shares valued at over $419.89 million and representing 2.34% of the shares outstanding. Vanguard 500 Index Fund bought 56768.0 shares to bring its total holdings to over 6.69 million shares at a value of $416.74 million. Vanguard 500 Index Fund now owns shares totaling to 2.33% of the shares outstanding.
Shares of Tyson Foods Inc. (NYSE: TSN) opened at $65.20, up $0.07 from a prior closing price of $65.13. However, the script later moved the day high at 65.31, down -1.69%. The company’s stock has a 5-day price change of -2.57% and -5.06% over the past three months. TSN shares are trading 2.86% year to date (YTD), with the 12-month market performance down to -29.92% lower. It has a 12-month low price of $59.38 and touched a high of $100.72 over the same period. TSN has an average intraday trading volume of 2.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.74%, -0.57%, and -15.35% respectively.
Institutional ownership of Tyson Foods Inc. (NYSE: TSN) shares accounts for 86.30% of the company’s 357.00M shares outstanding. Mutual fund holders own 4.98%, while other institutional holders and individual stakeholders account for 47.58% and 38.40% respectively.
It has a market capitalization of $23.42B and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 7.18, while the earnings-per-share (ttm) stands at $8.91. The company has a PEG of 0.96 and a Quick Ratio of 0.80 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.51% over the month.
Analysts forecast that Tyson Foods Inc. (TSN) will achieve an EPS of $1.74 for the current quarter, $1.78 for the next quarter and $7.54 for 2023. The lowest estimate earnings-per-share for the quarter is $1.49 while analysts give the company a high EPS estimate of $2.04. Comparatively, EPS for the current quarter was $2.3 a year ago. Earnings per share for the fiscal year are expected to increase by 6.90%, and 7.75% over the next financial year. EPS should shrink at an annualized rate of 7.50% over the next five years, compared to 13.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Tyson Foods Inc. (TSN) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 6 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TSN, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on November 28, 2022, with the firm’s price target at $89-$58. BofA Securities coverage for the Tyson Foods Inc. (TSN) stock in a research note released on November 09, 2022 offered a Underperform rating with a price target of $61. Argus was of a view on September 13, 2022 that the stock is Hold, while Piper Sandler gave the stock Neutral rating on August 09, 2022, issuing a price target of $79. Cleveland Research on their part issued Neutral rating on July 20, 2022.
Leave a Reply