Arvest Bank Trust Division Buys New Stake in Tyson Foods, Inc. (NYSE:TSN)

Arvest Bank Trust Division purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,533 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its holdings in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares in the last quarter. Signaturefd LLC grew its position in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Tyson Foods by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Tyson Foods by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSN shares. Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler upped their price objective 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. Finally, Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.67.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at $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. In the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Trading Down 1.2 %

TSN opened at $61.20 on Friday. The business’s 50 day moving average price is $61.05 and its 200 day moving average price is $60.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a market capitalization of $21.78 billion, a PE ratio of 27.20, a P/E/G ratio of 0.93 and a beta of 0.79. Tyson Foods, Inc. has a one year low of $49.97 and a one year high of $66.88.

Tyson Foods 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.