Goodman Financial Corp Has $13.29 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Goodman Financial Corp grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,086 shares of the company’s stock after purchasing an additional 2,516 shares during the quarter. Tyson Foods comprises 3.0% of Goodman Financial Corp’s portfolio, making the stock its 18th biggest holding. Goodman Financial Corp owned approximately 0.06% of Tyson Foods worth $13,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSN. Pzena Investment Management LLC raised its stake in Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after purchasing an additional 54,217 shares during the last quarter. Davis Selected Advisers acquired a new position in shares of Tyson Foods during the second quarter valued at about $177,439,000. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after buying an additional 39,252 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after buying an additional 398,404 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in Tyson Foods by 6.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after buying an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSN. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Stephens lifted 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. 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, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two 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, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by insiders.

Tyson Foods Stock Performance

NYSE:TSN opened at $63.50 on Tuesday. The stock has a market capitalization of $22.60 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88. The firm has a 50 day moving average of $60.17 and a 200-day moving average of $59.90.

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.