Eagle Asset Management Inc. Invests $3.16 Million in Tyson Foods, Inc. (NYSE:TSN)

Eagle Asset Management Inc. acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 52,973 shares of the company's stock, valued at approximately $3,157,000.

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

Insiders Place Their Bets

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wes Morris sold 22,783 shares of the 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 owns 15,937 shares of the company's stock, valued at $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.05% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target 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. Stephens increased 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 note on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.67.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.03 on Tuesday, reaching $63.81. 1,669,092 shares of the stock were exchanged, compared to its average volume of 2,477,395. The firm has a market capitalization of $22.71 billion, a PE ratio of 28.36, a PEG ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The business has a fifty day moving average price of $60.21 and a two-hundred day moving average price of $59.93. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

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.