GSA Capital Partners LLP Acquires New Holdings in Tyson Foods, Inc. (NYSE:TSN)

GSA Capital Partners LLP bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,690 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Advisors LLC raised its position in shares of Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tyson Foods in the first quarter valued at approximately $527,000. Assetmark Inc. boosted its holdings in shares of Tyson Foods by 2.5% during the 3rd quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after buying an additional 9,526 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Tyson Foods by 1,978.9% during the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company’s stock worth $698,000 after buying an additional 11,339 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the topic of several recent research reports. BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Stephens boosted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” 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 currently has a consensus rating of “Hold” and an average target price of $60.67.

Insider Transactions at Tyson Foods

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 stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,363 shares of company stock worth $3,732,049 in the last 90 days. 2.05% of the stock is currently owned by insiders.

Tyson Foods Price Performance

TSN opened at $63.77 on Friday. The company’s 50-day simple moving average is $60.13 and its two-hundred day simple moving average is $59.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock 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. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88.

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.