Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,357,941 shares of the company’s stock after buying an additional 39,252 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of Tyson Foods worth $140,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its stake in Tyson Foods by 6.8% in the third 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. Primecap Management Co. CA lifted its position in shares of Tyson Foods by 28.7% during the 3rd quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock worth $25,831,000 after purchasing an additional 96,600 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Tyson Foods by 93.7% during the 3rd quarter. Intech Investment Management LLC now owns 88,502 shares of the company’s stock worth $5,271,000 after purchasing an additional 42,811 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 0.4% during the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after purchasing an additional 54,217 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new position in shares of Tyson Foods in the 3rd quarter valued at about $692,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSN. Bank of America reduced 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 report on Tuesday, October 15th. BMO Capital Markets upped their price objective 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. Piper Sandler increased their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Price Performance

TSN stock opened at $63.77 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 stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The stock’s fifty day simple moving average is $60.13 and its 200-day simple moving average is $59.87. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88.

Insider Buying and Selling

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 58,363 shares of company stock valued at $3,732,049. 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.