Sumitomo Mitsui Trust Group Inc. Acquires 4,962 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 740,147 shares of the company’s stock after acquiring an additional 4,962 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Tyson Foods were worth $44,083,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSN. Price T Rowe Associates Inc. MD lifted its position in shares of Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares in the last quarter. Pzena Investment Management LLC boosted its position in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Davis Selected Advisers bought a new position in Tyson Foods in the 2nd quarter valued at $177,439,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Tyson Foods by 5.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after buying an additional 398,404 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Piper Sandler boosted their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday. Citigroup decreased their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Stephens increased their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday. 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 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 stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Trading Up 0.5 %

Tyson Foods stock opened at $64.32 on Friday. The stock has a market cap of $22.89 billion, a P/E ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The firm’s fifty day moving average price is $60.07 and its 200-day moving average price is $59.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Transactions at Tyson Foods

In other 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.05% of the company’s stock.

About Tyson Foods

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.