Franklin Resources Inc. Purchases 47,232 Shares of Tyson Foods, Inc. (NYSE:TSN)

Franklin Resources Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 146.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,506 shares of the company's stock after purchasing an additional 47,232 shares during the period. Franklin Resources Inc.'s holdings in Tyson Foods were worth $4,758,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TSN. State Street Corp boosted its holdings in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after buying an additional 859,351 shares during the period. Pzena Investment Management LLC lifted its position in Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock worth $747,108,000 after acquiring an additional 54,217 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after purchasing an additional 87,054 shares during the last quarter. Davis Selected Advisers acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $177,439,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tyson Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock valued at $140,439,000 after purchasing an additional 39,252 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on TSN shares. Piper Sandler increased their price target 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. Stephens increased their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Finally, Citigroup cut their target price 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $60.67.

Insider Buying and Selling at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the company's stock in a transaction that occurred 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 transaction, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. This represents a 82.54 % 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 worth $26,450,955 over the last ninety days. Corporate insiders own 2.03% of the company's stock.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.09 on Tuesday, hitting $57.74. The stock had a trading volume of 682,824 shares, compared to its average volume of 2,442,650. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The firm's 50 day moving average price is $61.10 and its 200-day moving average price is $60.30. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88.

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.