Sumitomo Mitsui Trust Group Inc. Acquires 4,962 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 740,147 shares of the company’s stock after purchasing an additional 4,962 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Tyson Foods worth $44,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 stake in Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the firm’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 completion of the sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This trade represents a 58.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSN. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Stephens increased their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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 report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $64.32 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $60.07 and a two-hundred day moving average price of $59.72. The company has a market cap of $22.89 billion, a P/E ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88.

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.