Vinva Investment Management Ltd Increases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Vinva Investment Management Ltd increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 98.7% during the third quarter, HoldingsChannel.com reports. The firm owned 172,791 shares of the company’s stock after buying an additional 85,850 shares during the period. Vinva Investment Management Ltd’s holdings in Tyson Foods were worth $10,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pzena Investment Management LLC boosted its position 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 acquiring an additional 54,217 shares during the period. Davis Selected Advisers bought a new position in shares of Tyson Foods in the second quarter worth $177,439,000. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 1.7% in the third 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. Van ECK Associates Corp boosted its stake in Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after buying an additional 398,404 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in Tyson Foods by 6.8% in 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 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 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 transaction of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 in the last ninety days. 2.05% of the stock is owned by company insiders.

Tyson Foods Stock Performance

NYSE TSN opened at $64.44 on Thursday. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 0.96 and a beta of 0.78. The company has a 50-day simple moving average of $60.26 and a two-hundred day simple moving average of $59.96. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TSN shares. Barclays lifted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.