By otakuyassine3@gmail.com 
Oak Thistle LLC lowered its stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 59.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,475 shares of the company’s stock after selling 28,759 shares during the quarter. Oak Thistle LLC’s holdings in Tyson Foods were worth $1,119,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its holdings in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after purchasing an additional 172 shares during the period. Signaturefd LLC raised its position in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after acquiring an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after acquiring an additional 184 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after acquiring an additional 189 shares in the last quarter. Finally, Empirical Finance LLC raised its position in Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.
Analyst Ratings Changes
TSN has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Stephens boosted 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 report on Wednesday, November 13th. UBS Group began coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.80.
Read Our Latest Stock Analysis on TSN
Tyson Foods Price Performance
NYSE TSN opened at $55.35 on Wednesday. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week 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 company has a 50 day simple moving average of $60.35 and a 200-day simple moving average of $60.40. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81.
Insider Buying and Selling at Tyson Foods
In other news, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. Insiders own 2.03% of the company’s stock.
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.
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