Larson Financial Group LLC Acquires 6,096 Shares of Tyson Foods, Inc. (NYSE:TSN)

Larson Financial Group LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 465.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,406 shares of the company’s stock after buying an additional 6,096 shares during the quarter. Larson Financial Group LLC’s holdings in Tyson Foods were worth $441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kennedy Capital Management LLC raised its stake in shares of Tyson Foods by 10.0% in the first quarter. Kennedy Capital Management LLC now owns 74,795 shares of the company’s stock worth $4,393,000 after acquiring an additional 6,808 shares during the last quarter. Comerica Bank raised its position in Tyson Foods by 23.1% in the 1st quarter. Comerica Bank now owns 74,665 shares of the company’s stock worth $4,385,000 after purchasing an additional 14,033 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in Tyson Foods by 15.8% during the 1st quarter. iA Global Asset Management Inc. now owns 24,635 shares of the company’s stock worth $1,447,000 after buying an additional 3,354 shares in the last quarter. Swedbank AB bought a new position in Tyson Foods in the 1st quarter valued at $8,255,000. Finally, Cetera Investment Advisers increased its stake in shares of Tyson Foods by 639.4% in the 1st quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock valued at $5,451,000 after buying an additional 80,262 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Activity

In related news, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 10,625 shares in the company, valued at $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last 90 days. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $63.81 on Wednesday. Tyson Foods, Inc. has a 12 month low of $46.51 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 company has a market capitalization of $22.71 billion, a PE ratio of 28.36, a PEG ratio of 0.96 and a beta of 0.78. The stock’s fifty day simple moving average is $60.21 and its 200 day simple moving average is $59.93.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research reports. Piper Sandler upped their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Bank of America cut their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.