Zacks Investment Management Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Zacks Investment Management decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,841 shares of the company’s stock after selling 1,202 shares during the period. Zacks Investment Management’s holdings in Tyson Foods were worth $3,981,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in Tyson Foods in the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in Tyson Foods in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of several recent analyst reports. Piper Sandler boosted their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Finally, Stephens upped their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $62.64 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $60.82 and its two-hundred day moving average price is $60.12. Tyson Foods, Inc. has a 52-week low of $49.92 and a 52-week high of $66.88. The stock has a market capitalization of $22.29 billion, a P/E ratio of 27.84, a P/E/G ratio of 0.94 and a beta of 0.79.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by company insiders.

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.