Zurcher Kantonalbank Zurich Cantonalbank Has $7.24 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tyson Foods, Inc. (NYSE:TSN) by 4.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 121,547 shares of the company’s stock after acquiring an additional 5,658 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $7,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mizuho Securities USA LLC grew its position in Tyson Foods by 517.7% in 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. Primecap Management Co. CA lifted its stake in shares of Tyson Foods by 28.7% in the third quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock valued at $25,831,000 after buying an additional 96,600 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Tyson Foods by 9.3% during the third 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. Cetera Advisors LLC increased its position 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 worth $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings 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 acquiring an additional 44,167 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insiders Place Their Bets

In related news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.05% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.50 on Monday. The company has a market capitalization of $22.95 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company’s 50-day moving average is $60.41 and its 200 day moving average is $60.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Wall Street Analyst Weigh In

A number of analysts have commented on TSN shares. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Stephens raised their price target 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. 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 stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus 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.