Martingale Asset Management L P Has $657,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Martingale Asset Management L P lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 175.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,039 shares of the company’s stock after purchasing an additional 7,026 shares during the quarter. Martingale Asset Management L P’s holdings in Tyson Foods were worth $657,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSN. Comerica Bank lifted its holdings in shares of Tyson Foods by 23.1% during the 1st quarter. Comerica Bank now owns 74,665 shares of the company’s stock worth $4,385,000 after acquiring an additional 14,033 shares during the period. Cetera Investment Advisers boosted its holdings in Tyson Foods by 639.4% during the first quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock valued at $5,451,000 after purchasing an additional 80,262 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Tyson Foods by 1.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,994 shares of the company’s stock valued at $3,270,000 after purchasing an additional 975 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN opened at $64.33 on Tuesday. 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 company’s 50 day simple moving average is $60.41 and its 200-day simple moving average is $60.02. Tyson Foods, Inc. has a one year low of $47.92 and a one year high of $66.88. The stock has a market capitalization of $22.89 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78.

Insider Buying and Selling at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of analyst reports. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Citigroup dropped 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 report on Wednesday, October 9th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.67.

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.