Kentucky Retirement Systems Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,912 shares of the company’s stock after selling 1,641 shares during the quarter. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after buying an additional 128,274 shares during the period. Pzena Investment Management LLC boosted 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 worth $713,654,000 after purchasing an additional 1,939,508 shares during the period. Davis Selected Advisers purchased a new stake in shares of Tyson Foods during the second quarter worth about $177,439,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Tyson Foods by 5.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings 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 valued at $72,839,000 after purchasing an additional 398,404 shares during the period. Institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TSN. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Piper Sandler raised their target price 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. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Two equities research 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.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Up 0.4 %

TSN stock opened at $64.55 on Tuesday. The business has a 50 day moving average of $60.02 and a 200 day moving average of $59.76. The firm has a market cap of $22.97 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

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.