Tyson Foods, Inc. (NYSE:TSN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in Tyson Foods, Inc. (NYSE:TSN) by 66.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,199 shares of the company’s stock after selling 48,337 shares during the quarter. HighTower Advisors LLC’s holdings in Tyson Foods were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. grew its position in Tyson Foods by 16.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 6,224 shares of the company’s stock valued at $371,000 after acquiring an additional 876 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Tyson Foods in the third quarter valued at approximately $355,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Tyson Foods by 3,833.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock valued at $12,834,000 after purchasing an additional 210,000 shares in the last quarter. Martingale Asset Management L P increased its stake in Tyson Foods by 175.1% during the 3rd quarter. Martingale Asset Management L P now owns 11,039 shares of the company’s stock worth $657,000 after buying an additional 7,026 shares during the period. Finally, Vinva Investment Management Ltd increased its stake in Tyson Foods by 98.7% during the 3rd quarter. Vinva Investment Management Ltd now owns 172,791 shares of the company’s stock worth $10,314,000 after buying an additional 85,850 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on 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 owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TSN shares. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America reduced their price target 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. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Finally, Barclays upped their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $60.48 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. Tyson Foods, Inc. has a 52 week low of $50.97 and a 52 week high of $66.88. The firm’s 50 day moving average is $61.09 and its two-hundred day moving average is $60.22. The firm has a market capitalization of $21.52 billion, a P/E ratio of 26.88, a P/E/G ratio of 0.91 and a beta of 0.79.

About Tyson Foods

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.