Bridgewater Associates LP Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Bridgewater Associates LP lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 220.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,963 shares of the company’s stock after purchasing an additional 124,508 shares during the period. Bridgewater Associates LP owned about 0.05% of Tyson Foods worth $10,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TSN. Goodman Financial Corp increased its position in shares of Tyson Foods by 1.1% in the third quarter. Goodman Financial Corp now owns 223,086 shares of the company’s stock valued at $13,287,000 after buying an additional 2,516 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Tyson Foods by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after acquiring an additional 18,317 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods in the 3rd quarter worth $36,000. Dynamic Technology Lab Private Ltd acquired a new position in Tyson Foods during the third quarter worth $1,744,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Tyson Foods by 39.2% during the third quarter. Daiwa Securities Group Inc. now owns 59,916 shares of the company’s stock valued at $3,569,000 after purchasing an additional 16,883 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSN shares. Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price objective 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. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Stock Up 1.0 %

Shares of NYSE:TSN opened at $64.45 on Friday. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The stock has a market cap of $22.94 billion, a P/E ratio of 28.64, a PEG ratio of 0.97 and a beta of 0.78. The business has a fifty day moving average of $60.32 and a two-hundred day moving average of $59.99. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is owned by company 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.