Public Sector Pension Investment Board Has $741,000 Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Public Sector Pension Investment Board raised its position in Tyson Foods, Inc. (NYSE:TSN) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,435 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Public Sector Pension Investment Board’s holdings in Tyson Foods were worth $741,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSN. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $7,239,000 after purchasing an additional 5,658 shares during the period. Providence Capital Advisors LLC boosted its stake in 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 buying an additional 3,200 shares in the last quarter. Bridgewater Associates LP increased its holdings in Tyson Foods by 220.5% in the 3rd quarter. Bridgewater Associates LP now owns 180,963 shares of the company’s stock valued at $10,778,000 after buying an additional 124,508 shares during the period. Goodman Financial Corp raised its stake in shares of Tyson Foods by 1.1% in the 3rd quarter. Goodman Financial Corp now owns 223,086 shares of the company’s stock valued at $13,287,000 after buying an additional 2,516 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Tyson Foods by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after buying an additional 18,317 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSN. Piper Sandler upped their target price 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. Bank of America dropped their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.67.

Insiders Place Their Bets

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $62.64 on Friday. Tyson Foods, Inc. has a 12-month low of $49.92 and a 12-month high of $66.88. The stock has a 50-day simple moving average of $60.82 and a 200 day simple moving average of $60.13. 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 $22.29 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 0.96 and a beta of 0.79.

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.