The Manufacturers Life Insurance Company Purchases 18,317 Shares of Tyson Foods, Inc. (NYSE:TSN)

The Manufacturers Life Insurance Company raised its position in Tyson Foods, Inc. (NYSE:TSNFree Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 466,588 shares of the company’s stock after acquiring an additional 18,317 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.13% of Tyson Foods worth $27,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Selected Advisers purchased a new position in shares of Tyson Foods in the second quarter worth approximately $177,439,000. Pzena Investment Management LLC grew its position in shares of Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after acquiring an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Tyson Foods in the 2nd quarter worth $29,537,000. Van ECK Associates Corp raised its holdings in 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 purchasing an additional 398,404 shares during the period. Finally, Foundry Partners LLC purchased a new position in Tyson Foods during the second quarter valued at $15,007,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The stock was 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 approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 in the last quarter. 2.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Stephens raised 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 note on Wednesday, November 13th. Bank of America dropped 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. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.67.

View Our Latest Analysis on TSN

Tyson Foods Trading Up 0.9 %

Shares of TSN stock opened at $64.52 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The stock’s 50-day moving average price is $60.41 and its 200-day moving average price is $60.02.

Tyson Foods Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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