Everence Capital Management Inc. Purchases New Holdings in Tyson Foods, Inc. (NYSE:TSN)

Everence Capital Management Inc. bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,490 shares of the company’s stock, valued at approximately $775,000.

Other institutional investors have also recently made changes to their positions in the company. Davis Selected Advisers purchased a new position in shares of Tyson Foods in the second quarter worth about $177,439,000. State Street Corp grew its holdings in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Tyson Foods during the second quarter worth about $29,537,000. Barclays PLC boosted its holdings in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN opened at $58.18 on Friday. Tyson Foods, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88. The firm’s fifty day moving average price is $60.80 and its 200 day moving average price is $60.39. The firm has a market cap of $20.70 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Analysts Set New Price Targets

TSN has been the topic of a number of research analyst reports. Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Barclays boosted 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. BMO Capital Markets lifted 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. Finally, Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $60.67.

Insiders Place Their Bets

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. The trade was a 70.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is owned by corporate insiders.

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.