M&T Bank Corp Grows Holdings in Tyson Foods, Inc. (NYSE:TSN)

M&T Bank Corp raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,881 shares of the company’s stock after buying an additional 3,049 shares during the quarter. M&T Bank Corp’s holdings in Tyson Foods were worth $1,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSN. Catalyst Capital Advisors LLC lifted its holdings in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Tyson Foods during the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the second quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Tyson Foods in the third quarter valued at $59,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction 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 completion of the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, 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. In the last quarter, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Bank of America decreased 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. BMO Capital Markets increased their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.48 on Monday. Tyson Foods, Inc. has a one year low of $50.97 and a one year 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 $61.09 and a 200 day simple moving average of $60.22. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 0.91 and a beta of 0.79.

Tyson Foods 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.