FNY Investment Advisers LLC Makes New $57,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

FNY Investment Advisers LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,000 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds also recently made changes to their positions in the business. Peddock Capital Advisors LLC raised its position in Tyson Foods by 5.0% in the fourth quarter. Peddock Capital Advisors LLC now owns 22,167 shares of the company’s stock worth $1,273,000 after acquiring an additional 1,065 shares in the last quarter. Czech National Bank lifted its stake in Tyson Foods by 6.4% in the fourth quarter. Czech National Bank now owns 61,979 shares of the company’s stock valued at $3,560,000 after acquiring an additional 3,755 shares during the last quarter. Sage Capital Advisors llc boosted its stake in shares of Tyson Foods by 0.9% during the 4th quarter. Sage Capital Advisors llc now owns 103,538 shares of the company’s stock worth $5,947,000 after acquiring an additional 912 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods in the fourth quarter valued at approximately $42,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in 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 purchasing an additional 184 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $55.75 on Thursday. The firm has a market capitalization of $19.84 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. 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, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88. The company’s 50-day moving average is $60.35 and its 200 day moving average is $60.40.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSN. Piper Sandler lifted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. 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 given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.80.

Insider Buying and Selling at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on 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 sale, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last three months. Corporate insiders own 2.03% of the company’s stock.

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.