Tyson Foods, Inc. (NYSE:TSN) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,394 shares of the company’s stock after selling 5,181 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tyson Foods were worth $6,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Davis Selected Advisers acquired a new position in shares of Tyson Foods during the 2nd quarter valued at about $177,439,000. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Tyson Foods during the second quarter valued at about $29,537,000. Van ECK Associates Corp increased its position in Tyson Foods by 45.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Tyson Foods by 138.7% in the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after buying an additional 336,487 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research reports. Citigroup decreased their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America lowered their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. BMO Capital Markets upped their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Finally, Stephens started coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $59.22.

Tyson Foods Trading Down 1.3 %

Tyson Foods stock opened at $58.81 on Tuesday. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The firm has a market capitalization of $20.93 billion, a PE ratio of -993.17, a PEG ratio of 0.38 and a beta of 0.78. The business’s 50-day simple moving average is $60.29 and its 200-day simple moving average is $59.67.

Tyson Foods 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.