Y Intercept Hong Kong Ltd Makes New $1.04 Million Investment in Tyson Foods, Inc. (NYSE:TSN)

Y Intercept Hong Kong Ltd bought a new stake in Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,395 shares of the company’s stock, valued at approximately $1,036,000.

Several other hedge funds have also modified their holdings of the stock. Catalyst Capital Advisors LLC grew its position in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in Tyson Foods in the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in Tyson Foods in the 3rd quarter valued at about $59,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. 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 over the last quarter. 2.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stephens lifted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler raised their price target 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. BMO Capital Markets upped their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Down 1.2 %

Shares of NYSE:TSN opened at $61.20 on Friday. Tyson Foods, Inc. has a 1-year low of $49.97 and a 1-year high of $66.88. The company’s fifty day moving average is $60.99 and its two-hundred day moving average is $60.17. 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 market capitalization of $21.78 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79.

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.