Empowered Funds LLC Has $371,000 Stake in Tyson Foods, Inc. (NYSE:TSN)

Empowered Funds LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 70.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,229 shares of the company’s stock after selling 15,068 shares during the period. Empowered Funds LLC’s holdings in Tyson Foods were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Empirical Finance LLC boosted its position in shares of Tyson Foods by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after purchasing an additional 206 shares in the last quarter. CIBC Asset Management Inc raised its stake in Tyson Foods by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock worth $2,481,000 after buying an additional 3,043 shares during the period. ING Groep NV boosted its holdings in Tyson Foods by 408.4% in the third quarter. ING Groep NV now owns 196,591 shares of the company’s stock worth $11,709,000 after acquiring an additional 157,925 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Tyson Foods by 43.3% in the third quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock valued at $897,000 after acquiring an additional 4,548 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Tyson Foods by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock valued at $44,083,000 after acquiring an additional 4,962 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their target price 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. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

TSN stock opened at $63.79 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.70 billion, a PE ratio of 28.35, a P/E/G ratio of 0.96 and a beta of 0.78. The business has a 50 day moving average of $60.17 and a 200-day moving average of $59.90. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88.

Insiders Place Their Bets

In other news, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.05% of the company’s stock.

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.