Virtu Financial LLC Invests $1.24 Million in Tyson Foods, Inc. (NYSE:TSN)

Virtu Financial LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,837 shares of the company's stock, valued at approximately $1,241,000.

Other hedge funds have also bought and sold shares of the company. Davis Selected Advisers bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $177,439,000. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company's stock worth $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. State Street Corp raised its position in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after purchasing an additional 859,351 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Tyson Foods during the 2nd quarter valued at $29,537,000. Finally, Barclays PLC boosted its holdings in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after buying an additional 446,648 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN traded down $0.72 during trading hours on Friday, hitting $60.48. The company's stock had a trading volume of 1,621,755 shares, compared to its average volume of 2,447,597. Tyson Foods, Inc. has a 12 month low of $50.97 and a 12 month high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is $61.05 and its 200-day moving average price is $60.18. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 0.93 and a beta of 0.79.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares of the company's stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last three months. Insiders own 2.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSN. Barclays boosted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Stephens upped their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Finally, Bank of America dropped their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $60.67.

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.