Quest Partners LLC Purchases 7,541 Shares of Tyson Foods, Inc. (NYSE:TSN)

Quest Partners LLC grew its position in Tyson Foods, Inc. (NYSE:TSN) by 118.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,917 shares of the company’s stock after purchasing an additional 7,541 shares during the quarter. Quest Partners LLC’s holdings in Tyson Foods were worth $829,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Davis Selected Advisers purchased a new position in shares of Tyson Foods in the 2nd quarter valued at approximately $177,439,000. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Tyson Foods during the second quarter valued at $29,537,000. Van ECK Associates Corp increased its position in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the period. Finally, Foundry Partners LLC purchased a new position in Tyson Foods in the 2nd quarter worth $15,007,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Finally, BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Performance

Shares of TSN stock opened at $63.77 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. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The business’s 50 day moving average is $60.08 and its two-hundred day moving average is $59.82. The company has a market capitalization of $22.69 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.95 and a beta of 0.78.

Insider Buying and Selling

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,363 shares of company stock valued at $3,732,049. 2.05% of the stock is owned by corporate insiders.

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.