Intech Investment Management LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Intech Investment Management LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 93.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,502 shares of the company's stock after purchasing an additional 42,811 shares during the period. Intech Investment Management LLC's holdings in Tyson Foods were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in shares of Tyson Foods by 1,978.9% in the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company's stock worth $698,000 after acquiring an additional 11,339 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Tyson Foods by 127.0% during 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. CANADA LIFE ASSURANCE Co raised its stake in Tyson Foods by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 149,049 shares of the company's stock worth $8,758,000 after purchasing an additional 552 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $527,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Tyson Foods by 29.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 654,915 shares of the company's stock worth $38,463,000 after buying an additional 149,670 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Transactions at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the sale, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm'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 completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,363 shares of company stock valued at $3,732,049. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Price Performance

Shares of TSN opened at $63.77 on Friday. The company has a market cap of $22.69 billion, a P/E ratio of 28.34, a PEG ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm's 50 day moving average price is $60.13 and its 200 day moving average price is $59.86.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSN shares. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Citigroup lowered their target price 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. Finally, Stephens boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $60.67.

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.