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Published on 10 Nov 2021 on Insider Monkey via Yahoo Finance

Were Hedge Funds Right About Tyson Foods, Inc. (TSN)?


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As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019. A significant number of hedge funds continued their strong performance in 2020 and 2021 as well. We get to see hedge funds' thoughts towards the market and individual stocks by aggregating their quarterly portfolio movements and reading their investor letters. In this article, we will particularly take a look at what hedge funds think about Tyson Foods, Inc. (NYSE:TSN).

Is Tyson Foods, Inc. (NYSE:TSN) the right investment to pursue these days? The best stock pickers were turning bullish. The number of bullish hedge fund bets advanced by 5 recently. Tyson Foods, Inc. (NYSE:TSN) was in 33 hedge funds' portfolios at the end of June. The all time high for this statistic is 58. Our calculations also showed that TSN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 28 hedge funds in our database with TSN holdings at the end of March.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

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