The Manufacturers Life Insurance Company Purchases 18,317 Shares of Tyson Foods, Inc. (NYSE:TSN)

The Manufacturers Life Insurance Company boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 466,588 shares of the company’s stock after acquiring an additional 18,317 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tyson Foods were worth $27,790,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TSN. 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 note on Wednesday, November 13th. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Bank of America dropped their price target 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Trading Up 0.9 %

Shares of NYSE TSN opened at $64.52 on Friday. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The business has a fifty day moving average price of $60.41 and a 200 day moving average price of $60.02. The stock has a market capitalization of $22.96 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.71, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is currently owned by insiders.

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.