17,395 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,395 shares of the company’s stock, valued at approximately $1,036,000.

A number of other large investors also recently bought and sold shares of the company. Davis Selected Advisers purchased a new position in Tyson Foods during the second quarter worth about $177,439,000. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares in the last quarter. State Street Corp lifted its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Tyson Foods in the second quarter valued at approximately $29,537,000. Finally, Van ECK Associates Corp grew its holdings in Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after acquiring an additional 398,404 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last ninety days. 2.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stephens boosted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Piper Sandler upped their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned 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 a consensus price target of $60.67.

Tyson Foods Trading Down 1.2 %

Tyson Foods stock opened at $61.20 on Friday. The stock has a 50-day moving average price of $60.99 and a 200 day moving average price of $60.17. Tyson Foods, Inc. has a 52 week low of $49.97 and a 52 week high of $66.88. The stock has a market cap of $21.78 billion, a PE ratio of 27.20, a P/E/G ratio of 0.93 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

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.