Tyson Foods, Inc. (NYSE:TSN) Shares Bought by State Street Corp

State Street Corp raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,304,869 shares of the company's stock after purchasing an additional 859,351 shares during the quarter. State Street Corp owned 3.74% of Tyson Foods worth $792,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Davis Selected Advisers bought a new position in Tyson Foods in the 2nd quarter valued at approximately $177,439,000. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock valued at $713,654,000 after buying an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Tyson Foods in the 2nd quarter worth about $29,537,000. Van ECK Associates Corp boosted its position in shares of Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock valued at $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Tyson Foods during the second quarter worth approximately $15,007,000. 67.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyson Foods

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business's stock in a transaction 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 transaction, the general counsel now owns 19,260 shares of the company's stock, valued at $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last three months. Company insiders own 2.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSN. Citigroup cut 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 stock a "market perform" rating in a report on Wednesday, November 13th. Piper Sandler increased their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report 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 note on Wednesday, November 13th. Finally, Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $60.67.

Tyson Foods Price Performance

Tyson Foods stock traded down $1.06 during midday trading on Friday, hitting $62.64. 1,376,289 shares of the company's stock were exchanged, compared to its average volume of 2,614,933. Tyson Foods, Inc. has a 52-week low of $49.92 and a 52-week high of $66.88. The company has a market cap of $22.29 billion, a P/E ratio of 27.84, a PEG ratio of 0.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a 50-day moving average price of $60.82 and a two-hundred day moving average price of $60.13.

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.