Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,538 shares of the company’s stock after purchasing an additional 912 shares during the period. Tyson Foods comprises about 1.5% of Sage Capital Advisors llc’s portfolio, making the stock its 18th largest holding. Sage Capital Advisors llc’s holdings in Tyson Foods were worth $5,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after purchasing an additional 54,217 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after buying an additional 87,054 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock worth $140,439,000 after buying an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Tyson Foods by 6.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after acquiring an additional 73,764 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN traded down $1.10 during trading hours on Friday, hitting $54.36. 1,125,465 shares of the company were exchanged, compared to its average volume of 2,245,192. 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 market capitalization of $19.34 billion, a PE ratio of 24.16, a PEG ratio of 0.91 and a beta of 0.81. The firm has a fifty day simple moving average of $60.56 and a 200-day simple moving average of $60.40. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSN. UBS Group began coverage on shares of Tyson Foods in a research report on Friday. They issued a “neutral” rating and a $62.00 target price for the company. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. BMO Capital Markets boosted their target price 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 increased their price target 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, Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.80.

Insiders Place Their Bets

In other 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 transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 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. Company insiders own 2.03% of the company’s stock.

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.