Neo Ivy Capital Management Makes New $1.52 Million Investment in Tyson Foods, Inc. (NYSE:TSN)

Neo Ivy Capital Management purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,482 shares of the company's stock, valued at approximately $1,518,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock valued at $8,114,000 after buying an additional 114,179 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Tyson Foods by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company's stock worth $27,790,000 after purchasing an additional 18,317 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of Tyson Foods by 28.7% in the third quarter. Primecap Management Co. CA now owns 433,700 shares of the company's stock worth $25,831,000 after acquiring an additional 96,600 shares during the last quarter. Citigroup Inc. lifted its position in Tyson Foods by 9.3% during the third quarter. Citigroup Inc. now owns 310,210 shares of the company's stock valued at $18,476,000 after buying an additional 26,352 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Tyson Foods by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock valued at $14,388,000 after buying an additional 44,167 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup dropped their price target 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. Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Finally, Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a report on Wednesday, November 13th. Two 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.67.

Insiders Place Their Bets

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last 90 days. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.44 during trading hours on Wednesday, reaching $61.96. 558,867 shares of the company were exchanged, compared to its average volume of 2,441,838. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 0.94 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $60.93 and a 200 day moving average of $60.16. Tyson Foods, Inc. has a 12 month low of $49.97 and a 12 month high of $66.88.

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.