Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3,833.5% in the third quarter, Holdings Channel.com reports. The fund owned 215,478 shares of the company’s stock after purchasing an additional 210,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Tyson Foods were worth $12,834,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC increased its stake 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 worth $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods during the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods during the 2nd quarter worth approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Tyson Foods during the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.1 %

Shares of NYSE TSN opened at $64.50 on Monday. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The firm has a fifty day moving average of $60.41 and a 200-day moving average of $60.02. The stock has a market capitalization of $22.95 billion, a PE ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSN. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. 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. BMO Capital Markets lifted 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. 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. Finally, Piper Sandler lifted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.67.

Insider Activity

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction on 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 $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 in the last ninety days. Company insiders own 2.05% of the company’s stock.

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.