Kentucky Retirement Systems Insurance Trust Fund Sells 763 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,462 shares of the company’s stock after selling 763 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyson Foods were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TSN. Catalyst Capital Advisors LLC raised its stake in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the second quarter worth about $54,000. Northwest Investment Counselors LLC acquired a new stake in shares of Tyson Foods during the third quarter worth approximately $59,000. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after acquiring an additional 1,018 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 0.4 %

Tyson Foods stock opened at $64.55 on Tuesday. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 0.97 and a beta of 0.78. The company’s 50 day simple moving average is $60.02 and its 200 day simple moving average is $59.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSN. Piper Sandler upped 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. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Citigroup dropped their target price 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. Finally, Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. 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 stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $60.67.

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.