Mizuho Securities USA LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Mizuho Securities USA LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 517.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,235 shares of the company's stock after purchasing an additional 114,179 shares during the quarter. Mizuho Securities USA LLC's holdings in Tyson Foods were worth $8,114,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSN. Crossmark Global Holdings Inc. raised its holdings in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company's stock valued at $1,160,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC lifted its position in Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company's stock worth $162,000 after buying an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Tyson Foods by 1.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company's stock valued at $632,000 after buying an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company's stock worth $103,000 after acquiring an additional 198 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock valued at $593,000 after purchasing an additional 206 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Finally, Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday. Two 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.67.

Tyson Foods Stock Up 0.5 %

Shares of TSN stock traded up $0.31 during trading hours on Friday, reaching $64.32. 3,430,346 shares of the stock were exchanged, compared to its average volume of 2,364,320. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The business's fifty day moving average is $60.04 and its two-hundred day moving average is $59.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The firm has a market capitalization of $22.89 billion, a P/E ratio of 28.59, a P/E/G ratio of 0.97 and a beta of 0.78.

Insider Activity

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.05% of the company's stock.

About Tyson Foods

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.