Caisse DE Depot ET Placement DU Quebec Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3,833.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,478 shares of the company’s stock after buying an additional 210,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of Tyson Foods worth $12,834,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Martingale Asset Management L P increased its holdings in Tyson Foods by 175.1% in the third quarter. Martingale Asset Management L P now owns 11,039 shares of the company’s stock valued at $657,000 after buying an additional 7,026 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Tyson Foods by 98.7% during the third quarter. Vinva Investment Management Ltd now owns 172,791 shares of the company’s stock worth $10,314,000 after purchasing an additional 85,850 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Tyson Foods by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company’s stock worth $741,000 after purchasing an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tyson Foods by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,547 shares of the company’s stock worth $7,239,000 after purchasing an additional 5,658 shares during the last quarter. Finally, Providence Capital Advisors LLC grew its holdings in shares of Tyson Foods by 3.2% during the third quarter. Providence Capital Advisors LLC now owns 104,300 shares of the company’s stock worth $6,212,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of the firm’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 completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred on Friday, November 15th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. Company insiders own 2.05% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.50 on Monday. 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 company has a market cap of $22.95 billion, a P/E ratio of 28.67, a PEG ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The company has a 50-day moving average price of $60.41 and a 200 day moving average price of $60.02.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSN shares. Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods 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.