Fmr LLC Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Fmr LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,936,308 shares of the company’s stock after selling 413,928 shares during the period. Fmr LLC owned approximately 2.23% of Tyson Foods worth $472,687,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in shares of 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 acquiring an additional 114,179 shares during the last quarter. Primecap Management Co. CA boosted its holdings in Tyson Foods by 28.7% in the third quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock worth $25,831,000 after purchasing an additional 96,600 shares during the last quarter. Cetera Advisors LLC grew its position in Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after purchasing an additional 11,425 shares during the period. Citigroup Inc. raised its stake in Tyson Foods by 9.3% during the 3rd quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock valued at $18,476,000 after buying an additional 26,352 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake 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 buying an additional 44,167 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last ninety days. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TSN. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Stephens upped their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Trading Up 0.9 %

Shares of Tyson Foods stock opened at $64.52 on Friday. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. 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 company has a market capitalization of $22.96 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a fifty day moving average of $60.41 and a 200 day moving average of $60.02.

Tyson Foods Company 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.