GAMMA Investing LLC Buys 1,216 Shares of Tyson Foods, Inc. (NYSE:TSN)

GAMMA Investing LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 18.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,812 shares of the company’s stock after purchasing an additional 1,216 shares during the quarter. GAMMA Investing LLC’s holdings in Tyson Foods were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in shares of Tyson Foods by 802.2% during the 4th quarter. Versant Capital Management Inc now owns 1,227 shares of the company’s stock valued at $70,000 after buying an additional 1,091 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Tyson Foods by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after acquiring an additional 13,066 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Tyson Foods by 146.3% in the 3rd quarter. Franklin Resources Inc. now owns 79,506 shares of the company’s stock valued at $4,758,000 after purchasing an additional 47,232 shares in the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Tyson Foods by 12.9% during the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company’s stock valued at $374,000 after purchasing an additional 720 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $58.18 on Monday. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $60.80 and a two-hundred day simple moving average of $60.47. The firm has a market capitalization of $20.70 billion, a P/E ratio of 25.86, a P/E/G ratio of 0.91 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America cut their price target on shares of 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 raised their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Stephens boosted their price objective on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report 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. Finally, Barclays upped their price target 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $60.67.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction 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 sale, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last 90 days. 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.