Tidal Investments LLC Buys 12,830 Shares of Tyson Foods, Inc. (NYSE:TSN)

Tidal Investments LLC increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 37.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,059 shares of the company's stock after acquiring an additional 12,830 shares during the period. Tidal Investments LLC's holdings in Tyson Foods were worth $2,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC raised its holdings in 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 buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Tyson Foods in the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Tyson Foods during the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred on 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 directly owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets raised 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. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Piper Sandler raised their target price 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. Finally, Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.74 during midday trading on Monday, hitting $59.74. The company had a trading volume of 1,937,825 shares, compared to its average volume of 2,445,495. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 26.88, a PEG 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. The company has a fifty day moving average of $61.09 and a two-hundred day moving average of $60.22. Tyson Foods, Inc. has a 12-month low of $50.97 and a 12-month high of $66.88.

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.