Commerce Bank Acquires 73,597 Shares of Tyson Foods, Inc. (NYSE:TSN)

Commerce Bank lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 455.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,743 shares of the company's stock after purchasing an additional 73,597 shares during the period. Commerce Bank's holdings in Tyson Foods were worth $5,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC grew 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 buying an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new stake in Tyson Foods in the 2nd quarter worth approximately $54,000. Northwest Investment Counselors LLC bought a new position in Tyson Foods in the 3rd quarter valued at $59,000. Finally, SYSTM Wealth Solutions LLC grew its position in shares of Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock valued at $62,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Up 0.5 %

Tyson Foods stock traded up $0.35 during mid-day trading on Friday, reaching $64.12. 561,733 shares of the company's stock were exchanged, compared to its average volume of 2,460,255. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month high of $66.88. The company has a market cap of $22.82 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.95 and a beta of 0.78. The company has a fifty day moving average of $60.08 and a 200-day moving average of $59.82.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Piper Sandler lifted 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. Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Finally, Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Two investment 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 currently has a consensus rating of "Hold" and an average price target of $60.67.

Insider Activity at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred 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 completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,363 shares of company stock valued at $3,732,049 in the last three months. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Company 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.