Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,829 shares of the company’s stock after purchasing an additional 189 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its stake in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC raised its position in shares of Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after acquiring an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the period. Finally, Empirical Finance LLC increased its stake in Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity

In related news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 0.0 %

Shares of Tyson Foods stock opened at $63.79 on Tuesday. 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 $46.51 and a 1-year high of $66.88. The business’s fifty day moving average price is $60.17 and its two-hundred day moving average price is $59.90. The company has a market capitalization of $22.70 billion, a P/E ratio of 28.35, a PEG ratio of 0.96 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TSN shares. Stephens raised their price target 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. Piper Sandler raised their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price 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. Citigroup dropped their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Company Profile

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.