SignalPoint Asset Management LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

SignalPoint Asset Management LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,192 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC raised its position in Tyson Foods by 59.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,132 shares of the company’s stock worth $582,000 after acquiring an additional 3,764 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Tyson Foods by 139.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,143 shares of the company’s stock worth $66,000 after purchasing an additional 665 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Tyson Foods in the 4th quarter valued at about $57,000. Peddock Capital Advisors LLC boosted its holdings in Tyson Foods by 5.0% in the 4th quarter. Peddock Capital Advisors LLC now owns 22,167 shares of the company’s stock worth $1,273,000 after buying an additional 1,065 shares during the last quarter. Finally, Czech National Bank increased its stake in Tyson Foods by 6.4% during the 4th quarter. Czech National Bank now owns 61,979 shares of the company’s stock worth $3,560,000 after buying an additional 3,755 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.6 %

Shares of Tyson Foods stock opened at $56.07 on Friday. The stock has a 50 day moving average of $60.28 and a 200 day moving average of $60.37. 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 firm has a market capitalization of $19.95 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 0.82 and a beta of 0.81. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSN shares. Bank of America decreased their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler increased their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, BMO Capital Markets raised 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.80.

Insider Activity

In related news, 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 completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred 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 directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 in the last quarter. Insiders own 2.03% of the company’s stock.

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.