Commerce Bank Has $5.35 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Commerce Bank increased its position in Tyson Foods, Inc. (NYSE:TSN) by 455.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,743 shares of the company’s stock after buying an additional 73,597 shares during the quarter. Commerce Bank’s holdings in Tyson Foods were worth $5,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in TSN. Price T Rowe Associates Inc. MD increased its position in Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Davis Selected Advisers acquired a new stake in Tyson Foods in the second quarter valued at $177,439,000. Jacobs Levy Equity Management Inc. raised its position in Tyson Foods by 5.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Tyson Foods by 45.5% in the 2nd 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 last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $63.77 on Friday. The business has a 50-day simple moving average of $60.08 and a 200 day simple moving average of $59.82. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 0.95 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. 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 upped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Two investment 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 presently has a consensus rating of “Hold” and a consensus target price of $60.67.

Insider Activity

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,363 shares of company stock worth $3,732,049 over the last quarter. 2.05% of the stock is currently owned by corporate insiders.

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.