Tyson Foods, Inc. (NYSE:TSN) Position Boosted by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 73.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,298 shares of the company’s stock after buying an additional 63,980 shares during the quarter. Toronto Dominion Bank’s holdings in Tyson Foods were worth $9,011,000 at the end of the most recent quarter.

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

Tyson Foods Price Performance

NYSE TSN opened at $60.48 on Friday. Tyson Foods, Inc. has a 12 month low of $50.97 and a 12 month high of $66.88. The firm has a market capitalization of $21.52 billion, a PE ratio of 26.88, a P/E/G ratio of 0.93 and a beta of 0.79. The company’s 50 day simple moving average is $61.09 and its 200 day simple moving average is $60.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Activity

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSN shares. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.67.

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.