Bridgewater Associates LP Boosts Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Bridgewater Associates LP raised its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 220.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,963 shares of the company's stock after acquiring an additional 124,508 shares during the quarter. Bridgewater Associates LP owned about 0.05% of Tyson Foods worth $10,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its stake in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the third quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock valued at $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the 3rd quarter worth approximately $59,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wes Morris sold 22,783 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 over the last ninety days. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Trading Up 0.9 %

Shares of Tyson Foods stock traded up $0.56 on Friday, reaching $64.52. 1,131,554 shares of the company's stock were exchanged, compared to its average volume of 2,468,808. The firm's 50-day moving average is $60.32 and its two-hundred day moving average is $59.99. The company has a market capitalization of $22.96 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88.

Analyst Ratings Changes

Several research analysts have recently issued reports on TSN shares. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th. Finally, Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $60.67.

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.