Two Sigma Advisers LP Has $58.27 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Two Sigma Advisers LP boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 20.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 978,300 shares of the company’s stock after buying an additional 163,000 shares during the quarter. Two Sigma Advisers LP’s holdings in Tyson Foods were worth $58,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Advisors LLC increased its holdings in Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after purchasing an additional 11,425 shares in the last quarter. Mather Group LLC. lifted its position in shares of Tyson Foods by 72.3% during the 2nd quarter. Mather Group LLC. now owns 1,570 shares of the company’s stock valued at $92,000 after acquiring an additional 659 shares during the period. CWM LLC boosted its stake in Tyson Foods by 8.6% during the second quarter. CWM LLC now owns 5,485 shares of the company’s stock worth $313,000 after acquiring an additional 433 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in Tyson Foods in the second quarter worth $225,000. Finally, SG Americas Securities LLC increased its stake in Tyson Foods by 99.8% in the second quarter. SG Americas Securities LLC now owns 103,100 shares of the company’s stock valued at $5,891,000 after purchasing an additional 51,495 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling

In other news, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stephens boosted their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Piper Sandler lifted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

TSN opened at $62.64 on Friday. The firm has a market cap of $22.29 billion, a PE ratio of 27.84, a P/E/G ratio of 0.96 and a beta of 0.79. The stock has a 50-day moving average price of $60.76 and a 200-day moving average price of $60.12. Tyson Foods, Inc. has a 1 year low of $49.92 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

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.