Charles Schwab Investment Management Inc. Buys 39,252 Shares of Tyson Foods, Inc. (NYSE:TSN)

Charles Schwab Investment Management Inc. boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,357,941 shares of the company's stock after buying an additional 39,252 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.66% of Tyson Foods worth $140,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after purchasing an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 worth $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the second quarter valued at $54,000. Northwest Investment Counselors LLC bought a new position in shares of Tyson Foods in the 3rd quarter worth about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its holdings in Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock worth $62,000 after acquiring an additional 1,018 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. Piper Sandler increased their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a report on Wednesday, November 13th. Citigroup decreased their target price 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 lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. 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. According to MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average price target of $60.67.

Insider Activity

In related news, insider Wes Morris sold 22,783 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm's 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 sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Price Performance

Shares of TSN traded up $0.01 during trading hours on Monday, hitting $63.78. The stock had a trading volume of 3,621,435 shares, compared to its average volume of 2,468,029. The stock has a market capitalization of $22.70 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. 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's fifty day moving average is $60.13 and its two-hundred day moving average is $59.87.

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.