Weatherly Asset Management L. P. trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,801 shares of the company’s stock after selling 1,529 shares during the period. Weatherly Asset Management L. P.’s holdings in Tyson Foods were worth $1,803,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in TSN. Barnett & Company Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter valued at approximately $25,000. Alpha Windward LLC acquired a new stake in Tyson Foods in the fourth quarter worth $29,000. Global Retirement Partners LLC increased its position in Tyson Foods by 53.2% in the third quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock worth $43,000 after buying an additional 173 shares during the period. Huntington National Bank acquired a new stake in Tyson Foods in the fourth quarter worth $53,000. Finally, CSat Investment Advisory L.P. increased its position in Tyson Foods by 143.0% in the second quarter. CSat Investment Advisory L.P. now owns 605 shares of the company’s stock worth $48,000 after buying an additional 356 shares during the period. 68.68% of the stock is currently owned by institutional investors.
Tyson Foods stock traded down $0.96 during mid-day trading on Thursday, hitting $86.65. The company’s stock had a trading volume of 269,860 shares, compared to its average volume of 2,111,329. The firm’s 50 day moving average is $90.09 and its 200 day moving average is $86.29. The company has a market cap of $31.94 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.13 and a beta of 0.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56. Tyson Foods, Inc. has a 52-week low of $58.20 and a 52-week high of $94.24.
In related news, CEO Noel W. White sold 17,417 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.29, for a total transaction of $1,589,997.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen R. Stouffer sold 15,723 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $90.16, for a total value of $1,417,585.68. The disclosure for this sale can be found here. Insiders have sold a total of 61,562 shares of company stock worth $5,628,540 in the last three months. 1.69% of the stock is owned by insiders.
Several brokerages have weighed in on TSN. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $89.00 target price (up from $83.00) on shares of Tyson Foods in a research report on Wednesday, December 4th. Stephens cut Tyson Foods from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a research note on Thursday, January 16th. Zacks Investment Research cut Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price target for the company. in a research note on Thursday, November 14th. BMO Capital Markets increased their price target on Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, ValuEngine cut Tyson Foods from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $88.83.
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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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