4,192 Shares in Tyson Foods, Inc. (NYSE:TSN) Bought by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,192 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after buying an additional 352,863 shares during the last quarter. Mizuho Securities USA LLC lifted its position in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Tyson Foods in the fourth quarter valued at $775,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Tyson Foods during the third quarter worth about $1,036,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Tyson Foods by 4.1% during the third quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock worth $27,790,000 after purchasing an additional 18,317 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available 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 sale, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSN. Piper Sandler raised 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. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Bank of America lowered their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Stephens raised their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.80.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $56.07 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The firm has a market capitalization of $19.95 billion, a P/E ratio of 24.92, a PEG ratio of 0.82 and a beta of 0.81. The company’s fifty day moving average is $60.28 and its two-hundred day moving average is $60.37.

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.