Hartford Funds Management Co LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Hartford Funds Management Co LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,335 shares of the company's stock, valued at approximately $1,032,000.

A number of other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in shares of Tyson Foods by 1,978.9% during the first quarter. Acadian Asset Management LLC now owns 11,912 shares of the company's stock valued at $698,000 after purchasing an additional 11,339 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Tyson Foods by 127.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,287 shares of the company's stock worth $839,000 after purchasing an additional 7,992 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Tyson Foods during the 1st quarter valued at $1,319,000. Bayesian Capital Management LP purchased a new position in Tyson Foods during the 1st quarter worth $1,571,000. Finally, Kennedy Capital Management LLC boosted its holdings in Tyson Foods by 10.0% in the first quarter. Kennedy Capital Management LLC now owns 74,795 shares of the company's stock worth $4,393,000 after acquiring an additional 6,808 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock remained flat at $63.77 during trading hours on Friday. The stock had a trading volume of 3,870,482 shares, compared to its average volume of 2,630,099. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The firm has a market cap of $22.69 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The stock has a 50-day simple moving average of $60.13 and a two-hundred day simple moving average of $59.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Activity at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares of the company's stock, valued at $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods 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 completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,363 shares of company stock worth $3,732,049. Corporate insiders own 2.05% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of several research reports. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Bank of America lowered their target price 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. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. BMO Capital Markets increased 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $60.67.

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.