Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 39.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,916 shares of the company's stock after purchasing an additional 16,883 shares during the period. Daiwa Securities Group Inc.'s holdings in Tyson Foods were worth $3,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Comerica Bank increased its holdings in shares of Tyson Foods by 23.1% in the 1st quarter. Comerica Bank now owns 74,665 shares of the company's stock valued at $4,385,000 after acquiring an additional 14,033 shares during the last quarter. iA Global Asset Management Inc. grew its stake in shares of Tyson Foods by 15.8% during the 1st quarter. iA Global Asset Management Inc. now owns 24,635 shares of the company's stock worth $1,447,000 after purchasing an additional 3,354 shares during the period. Swedbank AB acquired a new position in Tyson Foods during the first quarter worth about $8,255,000. Cetera Investment Advisers increased its stake in Tyson Foods by 639.4% in the 1st quarter. Cetera Investment Advisers now owns 92,815 shares of the company's stock valued at $5,451,000 after purchasing an additional 80,262 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock worth $1,121,000 after buying an additional 11,425 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Up 1.0 %

Shares of Tyson Foods stock opened at $64.44 on Thursday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.93 billion, a P/E ratio of 28.64, a P/E/G ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The business has a 50-day moving average price of $60.26 and a 200 day moving average price of $59.96.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was 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. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business'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 completion of the sale, the general counsel now directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This represents a 35.28 % 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 valued at $26,450,955 over the last three months. 2.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on TSN shares. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Piper Sandler lifted 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. Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Finally, Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $60.67.

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.