Tyson Foods, Inc. (NYSE:TSN) Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,588 shares of the company's stock after buying an additional 18,317 shares during the quarter. The Manufacturers Life Insurance Company owned 0.13% of Tyson Foods worth $27,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods during the third quarter worth about $36,000. Dynamic Technology Lab Private Ltd acquired a new stake in Tyson Foods during the third quarter valued at approximately $1,744,000. Daiwa Securities Group Inc. grew its position in shares of Tyson Foods by 39.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 59,916 shares of the company's stock worth $3,569,000 after acquiring an additional 16,883 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $1,032,000. Finally, Larson Financial Group LLC raised its position in shares of Tyson Foods by 465.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,406 shares of the company's stock valued at $441,000 after acquiring an additional 6,096 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.55 during trading on Friday, hitting $64.50. The stock had a trading volume of 1,131,554 shares, compared to its average volume of 2,468,808. The business has a fifty day moving average of $60.41 and a two-hundred day moving average of $60.02. The firm has a market cap of $22.95 billion, a P/E ratio of 28.67, a PEG ratio of 0.97 and a beta of 0.78. 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 fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSN shares. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective 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, November 13th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Bank of America dropped their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Finally, Piper Sandler boosted 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. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $60.67.

Insider Activity at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business's stock in a transaction dated 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 sale, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last ninety days. 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.