Czech National Bank Purchases 3,755 Shares of Tyson Foods, Inc. (NYSE:TSN)

Czech National Bank increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.4% during the 4th quarter, HoldingsChannel reports. The firm owned 61,979 shares of the company’s stock after buying an additional 3,755 shares during the period. Czech National Bank’s holdings in Tyson Foods were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. purchased a new stake in Tyson Foods during the fourth quarter valued at approximately $42,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after acquiring an additional 561 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Tyson Foods in the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.5 %

Shares of Tyson Foods stock opened at $55.75 on Thursday. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 0.91 and a beta of 0.81. The business has a 50-day moving average price of $60.35 and a 200-day moving average price of $60.40. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88.

Insider Activity

In related news, Director Noel W. White sold 171,057 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. Corporate insiders own 2.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Stephens increased their price target 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. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.80.

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.