Mizuho Securities USA LLC Has $8.11 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Mizuho Securities USA LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 517.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 136,235 shares of the company’s stock after purchasing an additional 114,179 shares during the quarter. Mizuho Securities USA LLC’s holdings in Tyson Foods were worth $8,114,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Davis Selected Advisers acquired a new position in Tyson Foods during the 2nd quarter valued at about $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. acquired a new position in Tyson Foods in the second quarter valued at approximately $29,537,000. Van ECK Associates Corp boosted its stake in Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Tyson Foods by 138.7% during the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after acquiring an additional 336,487 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.5 %

Shares of TSN stock opened at $64.32 on Friday. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $60.04 and a 200-day moving average of $59.74. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 0.97 and a beta of 0.78.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays raised their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Piper Sandler lifted 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred 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 sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

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.