Quarry LP Invests $795,000 in Tyson Foods, Inc. (NYSE:TSN)

Quarry LP bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,346 shares of the company's stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods in the 3rd quarter valued at about $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in Tyson Foods during the second quarter worth about $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSN. BMO Capital Markets boosted 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 note on Wednesday, November 13th. Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Piper Sandler upped their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Finally, 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. Two investment 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.67.

Tyson Foods Stock Performance

NYSE TSN traded down $0.02 on Thursday, reaching $63.59. The stock had a trading volume of 588,220 shares, compared to its average volume of 2,453,111. The stock has a market cap of $22.63 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.79. Tyson Foods, Inc. has a 12-month low of $49.43 and a 12-month high of $66.88. The business's 50-day moving average price is $60.67 and its 200 day moving average price is $60.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Activity

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the business's 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 sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wes Morris sold 25,080 shares of the business's stock in a transaction dated Monday, November 18th. The stock was 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.05% 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.