Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,286 shares of the company’s stock after purchasing an additional 720 shares during the quarter. Synovus Financial Corp’s holdings in Tyson Foods were worth $374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC raised its holdings in Tyson Foods by 56.1% in the third 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 bought a new stake in shares of Tyson Foods in the 3rd quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods during the second quarter worth about $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the third quarter worth about $59,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on TSN shares. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Barclays raised their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets boosted 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 report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Trading Down 0.7 %

Shares of NYSE:TSN opened at $58.96 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $50.97 and a fifty-two week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $20.98 billion, a PE ratio of 26.20, a P/E/G ratio of 0.91 and a beta of 0.79. The company’s 50-day moving average price is $61.15 and its 200 day moving average price is $60.25.

Insider Activity

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business’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 sale, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wes Morris sold 25,080 shares of the company’s 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 completion of the sale, the insider now directly owns 10,625 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.05% 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.