Empirical Asset Management LLC Buys Shares of 16,177 Tyson Foods, Inc. (NYSE:TSN)

Empirical Asset Management LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,177 shares of the company's stock, valued at approximately $929,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after acquiring an additional 54,217 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after purchasing an additional 39,252 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Tyson Foods by 6.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock worth $69,442,000 after acquiring an additional 73,764 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Wes Morris sold 22,783 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company's stock, valued at $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods 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 sale, the chairman now directly owns 3,003,374 shares of the company's stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Finally, Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.80.

Tyson Foods Price Performance

Shares of TSN traded down $0.29 on Friday, hitting $55.73. The company's stock had a trading volume of 1,907,392 shares, compared to its average volume of 1,929,467. The company has a market capitalization of $19.83 billion, a PE ratio of 24.77, a PEG ratio of 0.82 and a beta of 0.81. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The company has a 50 day moving average price of $60.15 and a 200 day moving average price of $60.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Tyson Foods Profile

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.