Tyson Foods, Inc. (NYSE:TSN) Stake Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 47.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,118 shares of the company's stock after purchasing an additional 9,947 shares during the quarter. Sanctuary Advisors LLC's holdings in Tyson Foods were worth $1,984,000 as of its most recent SEC filing.

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

Insider Activity at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company's stock, valued at $191,525,159.98. The trade was a 5.81 % 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 Price Performance

Shares of NYSE TSN traded down $0.76 on Thursday, hitting $58.20. The company's stock had a trading volume of 2,241,897 shares, compared to its average volume of 2,439,175. The stock has a 50 day moving average of $61.15 and a 200-day moving average of $60.25. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 25.87, 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 current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a 12-month low of $50.97 and a 12-month high of $66.88.

Wall Street Analyst Weigh In

Several analysts have commented on TSN shares. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Piper Sandler increased their price target on shares of 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 target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $60.67.

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.