Oppenheimer & Co. Inc. Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Oppenheimer & Co. Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,063 shares of the company’s stock after buying an additional 4,548 shares during the period. Oppenheimer & Co. Inc.’s holdings in Tyson Foods were worth $897,000 at the end of the most recent quarter.

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

Tyson Foods Stock Performance

NYSE TSN opened at $62.92 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $60.01 and its 200-day simple moving average is $59.77. The company has a market cap of $22.39 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction 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 sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,363 shares of company stock worth $3,732,049. Corporate insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Piper Sandler upped their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Bank of America cut their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.67.

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.