JPMorgan Chase & Co. Purchases 352,863 Shares of Tyson Foods, Inc. (NYSE:TSN)

JPMorgan Chase & Co. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 44.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,140,309 shares of the company's stock after acquiring an additional 352,863 shares during the period. JPMorgan Chase & Co. owned 0.32% of Tyson Foods worth $67,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock valued at $8,114,000 after purchasing an additional 114,179 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tyson Foods in the third quarter worth $1,036,000. The Manufacturers Life Insurance Company increased its position in Tyson Foods by 4.1% during the third quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company's stock worth $27,790,000 after acquiring an additional 18,317 shares during the period. Primecap Management Co. CA raised its stake in Tyson Foods by 28.7% during the 3rd quarter. Primecap Management Co. CA now owns 433,700 shares of the company's stock valued at $25,831,000 after purchasing an additional 96,600 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Tyson Foods by 9.3% in the 3rd quarter. Citigroup Inc. now owns 310,210 shares of the company's stock valued at $18,476,000 after purchasing an additional 26,352 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE:TSN traded up $0.03 on Friday, hitting $58.18. The stock had a trading volume of 1,764,084 shares, compared to its average volume of 1,714,792. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 25.86, 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 $60.80 and its 200-day moving average price is $60.39. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88.

Analyst Ratings Changes

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

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % 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, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated 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 transaction, the general counsel now directly owns 19,260 shares of the company's stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. 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 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.