Dynamic Technology Lab Private Ltd Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,285 shares of the company's stock, valued at approximately $1,744,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after buying an additional 210 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Tyson Foods by 301.6% in 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 in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods in the 2nd quarter worth $54,000. Northwest Investment Counselors LLC bought a new position in shares of Tyson Foods during the third quarter valued at about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its position in shares of Tyson Foods by 1,566.2% during the second 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. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on TSN. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. Stephens lifted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Two equities 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $60.67.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wes Morris sold 22,783 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,937 shares of the company's stock, valued at $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 414,814 shares of company stock valued at $26,450,955 in the last 90 days. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

Shares of NYSE TSN traded up $0.03 during midday trading on Tuesday, hitting $63.81. The company's stock had a trading volume of 1,669,092 shares, compared to its average volume of 2,477,395. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 0.96 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $60.21 and a 200 day moving average price of $59.93. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88.

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.