Quantinno Capital Management LP Has $1.66 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Quantinno Capital Management LP increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 110.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,937 shares of the company's stock after acquiring an additional 14,636 shares during the period. Quantinno Capital Management LP's holdings in Tyson Foods were worth $1,664,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSN. Quarry LP bought a new position in Tyson Foods during the 3rd quarter valued at $795,000. Polar Asset Management Partners Inc. acquired a new position in Tyson Foods during the third quarter worth about $1,447,000. Integrated Wealth Concepts LLC raised its position in Tyson Foods by 4.2% in the third quarter. Integrated Wealth Concepts LLC now owns 21,143 shares of the company's stock worth $1,259,000 after acquiring an additional 852 shares in the last quarter. Investment Management Corp of Ontario lifted its holdings in Tyson Foods by 50.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 9,547 shares of the company's stock valued at $569,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of Tyson Foods by 16.4% during the 3rd quarter. Hilltop Holdings Inc. now owns 6,224 shares of the company's stock valued at $371,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the topic of a number of research reports. BMO Capital Markets boosted their target price 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. Piper Sandler increased their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Bank of America decreased their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average target price of $60.67.

Tyson Foods Stock Down 1.2 %

Shares of TSN stock traded down $0.72 on Thursday, reaching $61.20. 2,100,894 shares of the company's stock traded hands, compared to its average volume of 2,451,028. The business's 50 day moving average price is $60.99 and its two-hundred day moving average price is $60.17. The company has a market capitalization of $21.78 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 0.94 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. Tyson Foods, Inc. has a 12-month low of $49.97 and a 12-month high of $66.88.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, 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 sale, the general counsel now owns 19,260 shares of the company's stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This represents a 5.81 % 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 valued at $26,450,955 in the last 90 days. 2.05% of the stock is currently owned by corporate insiders.

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.