Mutual of America Capital Management LLC Sells 875 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mutual of America Capital Management LLC decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,231 shares of the company’s stock after selling 875 shares during the period. Mutual of America Capital Management LLC’s holdings in Tyson Foods were worth $2,098,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Mizuho Securities USA LLC increased its position in Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after purchasing an additional 114,179 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Tyson Foods by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock valued at $23,391,000 after acquiring an additional 9,526 shares in the last quarter. Finally, Swedbank AB purchased a new position in Tyson Foods in the first quarter worth about $8,255,000. 67.00% of the stock is currently owned by institutional investors.

Insider Activity at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 58,363 shares of company stock worth $3,732,049 over the last three months. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $63.77 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The firm’s 50 day simple moving average is $60.13 and its 200-day simple moving average is $59.87. The firm has a market cap of $22.69 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSN shares. Piper Sandler upped their price objective 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 upped 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. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two 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 data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $60.67.

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.