State Street Corp Updates Passive Stake in Tyson Foods
Ticker: TSN · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 100493
| Field | Detail |
|---|---|
| Company | Tyson Foods, Inc. (TSN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, SEC-filing
TL;DR
**State Street still owns Tyson stock, a good sign for stability.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Tyson Foods Inc. common stock as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, though passive, investment in the poultry processing giant. For investors, this signals that a large institutional player maintains confidence in Tyson Foods, which can be a positive indicator for the stock's stability.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a significant position in Tyson Foods, which can influence market perception and stability of the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company operations.
Analyst Insight
A smart investor would view this as a routine update confirming institutional interest, but it doesn't provide new information to warrant immediate buying or selling of Tyson Foods stock.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Tyson Foods, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 902494103 (number) — the CUSIP number for Tyson Foods Inc. common stock
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Tyson Foods for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-25
- Tyson Foods' stock price will not experience significant volatility directly due to this routine filing. (Tyson Foods, Inc.) — high confidence, target: 2024-02-25
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's stock but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, as seen in the 'FORM TYPE: SC 13G/A' and 'EXIT FILING' designation in the document.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, as explicitly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION' in the filing.
What is the 'Subject Company' of this filing?
The 'Subject Company' is TYSON FOODS, INC., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TYSON FOODS, INC.' and 'TYSON FOODS INC (NAME OF ISSUER)'.
What type of securities are covered by this filing?
This filing covers 'COMMON STOCK' of Tyson Foods Inc., as indicated under 'TITLE OF CLASS OF SECURITIES: COMMON STOCK'.
What was the 'Date of Event' that triggered this filing?
The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was 12/31/2023, as stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding TYSON FOODS, INC. (TSN).