Chartwell Investment Partners LLC Sells 4,031 Shares of Tyson Foods, Inc. (NYSE:TSN)

Chartwell Investment Partners LLC cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,557 shares of the company’s stock after selling 4,031 shares during the period. Chartwell Investment Partners LLC’s holdings in Tyson Foods were worth $2,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Selected Advisers bought a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $177,439,000. Pzena Investment Management LLC lifted its stake in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $29,537,000. Van ECK Associates Corp lifted its stake in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after purchasing an additional 398,404 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock valued at $34,542,000 after purchasing an additional 336,487 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSN shares. Bank of America lowered 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. BMO Capital Markets raised their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stephens assumed coverage on Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target for the company. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $59.22.

Tyson Foods Trading Up 6.5 %

TSN opened at $62.65 on Wednesday. The stock’s fifty day moving average is $60.18 and its two-hundred day moving average is $59.65. The company has a market capitalization of $22.29 billion, a P/E ratio of -1,044.17, a PEG ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $45.13 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

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.