Peddock Capital Advisors LLC Raises Stake in Tyson Foods, Inc. (NYSE:TSN)

Peddock Capital Advisors LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,167 shares of the company’s stock after acquiring an additional 1,065 shares during the period. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $1,273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Crossmark Global Holdings Inc. boosted 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 valued at $1,160,000 after buying an additional 172 shares during the period. Signaturefd LLC lifted its holdings in shares of Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after buying an additional 184 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC raised its position in Tyson Foods by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after purchasing an additional 206 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 2.5 %

Shares of TSN stock traded up $1.38 during mid-day trading on Monday, reaching $55.65. 2,507,739 shares of the company’s stock traded hands, compared to its average volume of 2,597,428. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $60.48 and its 200-day moving average price is $60.42. The company has a market cap of $19.80 billion, a P/E ratio of 24.73, a P/E/G ratio of 0.91 and a beta of 0.81. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSN. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Piper Sandler upped their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, UBS Group started coverage on shares of Tyson Foods in a report on Friday. They set a “neutral” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.80.

Insiders Place Their Bets

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the business’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 transaction of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by company insiders.

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.