Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,815,571 shares of the company's stock after acquiring an additional 87,054 shares during the period. Geode Capital Management LLC owned approximately 1.92% of Tyson Foods worth $404,559,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. M&T Bank Corp boosted its holdings in Tyson Foods by 14.6% in the third quarter. M&T Bank Corp now owns 23,881 shares of the company's stock valued at $1,422,000 after purchasing an additional 3,049 shares during the last quarter. Barclays PLC boosted its stake in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after buying an additional 446,648 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Tyson Foods by 8.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 93,014 shares of the company's stock worth $5,540,000 after buying an additional 6,938 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Tyson Foods during the third quarter valued at approximately $1,036,000. Finally, MML Investors Services LLC raised its position in Tyson Foods by 10.0% during the third quarter. MML Investors Services LLC now owns 28,657 shares of the company's stock valued at $1,707,000 after acquiring an additional 2,616 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 25,080 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now directly owns 10,625 shares in the company, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 over the last ninety days. Insiders own 2.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Finally, BMO Capital Markets upped their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and an average target price of $60.67.

Tyson Foods Price Performance

TSN stock traded down $0.72 during trading on Friday, hitting $60.48. The stock had a trading volume of 1,625,571 shares, compared to its average volume of 2,220,338. The company's 50-day moving average price is $61.09 and its two-hundred day moving average price is $60.20. Tyson Foods, Inc. has a twelve month low of $50.97 and a twelve month high of $66.88. The stock has a market capitalization of $21.52 billion, a P/E ratio of 26.88, a PEG ratio of 0.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

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.