Public Sector Pension Investment Board Acquires 1,500 Shares of Tyson Foods, Inc. (NYSE:TSN)

Public Sector Pension Investment Board boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.7% in the third quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. CWM LLC increased its holdings in Tyson Foods by 8.6% in the second quarter. CWM LLC now owns 5,485 shares of the company’s stock valued at $313,000 after purchasing an additional 433 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of Tyson Foods in the 2nd quarter valued at about $225,000. SG Americas Securities LLC raised its position in shares of Tyson Foods by 99.8% in the 2nd quarter. SG Americas Securities LLC now owns 103,100 shares of the company’s stock valued at $5,891,000 after acquiring an additional 51,495 shares during the period. Gateway Investment Advisers LLC bought a new position in Tyson Foods during the 2nd quarter worth approximately $315,000. Finally, Czech National Bank grew its holdings in Tyson Foods by 8.2% during the second quarter. Czech National Bank now owns 54,507 shares of the company’s stock valued at $3,115,000 after purchasing an additional 4,126 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.7 %

NYSE TSN opened at $62.64 on Friday. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 0.96 and a beta of 0.79. Tyson Foods, Inc. has a 52 week low of $49.92 and a 52 week high of $66.88. The stock’s 50 day moving average price is $60.82 and its two-hundred day moving average price is $60.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TSN shares. Piper Sandler increased their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Finally, Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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 transaction of $11,822,575.38. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred 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 sale, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 over the last 90 days. 2.05% of the stock is owned by corporate insiders.

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.