Sanctuary Advisors LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Sanctuary Advisors LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 47.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,118 shares of the company’s stock after buying an additional 9,947 shares during the period. Sanctuary Advisors LLC’s holdings in Tyson Foods were worth $1,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Davis Selected Advisers acquired a new stake in shares of Tyson Foods during the 2nd quarter worth $177,439,000. Pzena Investment Management LLC lifted its stake in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. State Street Corp grew its holdings in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Tyson Foods in the second quarter valued at approximately $29,537,000. Finally, Barclays PLC lifted its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after buying an additional 446,648 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. 2.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stephens increased their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Piper Sandler upped their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their price objective 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. Finally, Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two equities 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 an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Performance

Shares of TSN opened at $58.96 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a market capitalization of $20.98 billion, a P/E ratio of 26.20, a P/E/G ratio of 0.91 and a beta of 0.79. Tyson Foods, Inc. has a 12-month low of $50.97 and a 12-month high of $66.88. The firm’s 50 day moving average is $61.15 and its 200-day moving average is $60.25.

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.