Ferguson Wellman Capital Management Inc. Sells 480 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ferguson Wellman Capital Management Inc. reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,905 shares of the company’s stock after selling 480 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Tyson Foods were worth $530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after acquiring an additional 1,939,508 shares during the period. Davis Selected Advisers bought a new position in shares of Tyson Foods during the second quarter valued at $177,439,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock valued at $111,247,000 after acquiring an additional 91,627 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the period. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSN has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday. Citigroup cut their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Price Performance

Shares of TSN stock opened at $64.01 on Friday. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 12 month low of $46.51 and a 12 month high of $66.88. The stock has a 50-day moving average price of $60.09 and a 200 day moving average price of $59.69. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

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.