Intech Investment Management LLC Buys 42,811 Shares of Tyson Foods, Inc. (NYSE:TSN)

Intech Investment Management LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 93.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,502 shares of the company’s stock after purchasing an additional 42,811 shares during the quarter. Intech Investment Management LLC’s holdings in Tyson Foods were worth $5,271,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSN. Acadian Asset Management LLC grew its holdings in Tyson Foods by 1,978.9% during the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company’s stock worth $698,000 after acquiring an additional 11,339 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Tyson Foods by 127.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,287 shares of the company’s stock worth $839,000 after purchasing an additional 7,992 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Tyson Foods by 0.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 149,049 shares of the company’s stock worth $8,758,000 after purchasing an additional 552 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tyson Foods in the first quarter valued at approximately $527,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Tyson Foods by 29.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 654,915 shares of the company’s stock worth $38,463,000 after buying an additional 149,670 shares during the period. 67.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares in the company, valued at $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,363 shares of company stock worth $3,732,049. 2.05% of the stock is owned by company insiders.

Tyson Foods Stock Performance

NYSE:TSN opened at $63.77 on Friday. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The firm has a 50-day moving average price of $60.13 and a two-hundred day moving average price of $59.86. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. BMO Capital Markets increased 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. JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods presently 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.