Centre Asset Management LLC Sells 14,668 Shares of Tyson Foods, Inc. (NYSE:TSN)

Centre Asset Management LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,050 shares of the company’s stock after selling 14,668 shares during the period. Tyson Foods accounts for 2.1% of Centre Asset Management LLC’s holdings, making the stock its 22nd biggest holding. Centre Asset Management LLC’s holdings in Tyson Foods were worth $9,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after purchasing an additional 54,217 shares in the last quarter. Geode Capital Management LLC boosted its position in Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Davis Selected Advisers bought a new position in shares of Tyson Foods in the 2nd quarter worth $177,439,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after purchasing an additional 39,252 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the sale, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stephens increased their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. BMO Capital Markets boosted their target price 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. Bank of America decreased their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Piper Sandler raised 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.37 during mid-day trading on Friday, reaching $58.52. 136,731 shares of the stock traded hands, compared to its average volume of 882,778. 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 business has a 50-day moving average of $60.81 and a 200 day moving average of $60.38. The stock has a market capitalization of $20.83 billion, a PE ratio of 26.01, a PEG ratio of 0.91 and a beta of 0.79. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88.

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.