Fisher Asset Management LLC Trims Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Fisher Asset Management LLC decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 21.6% during the third quarter, Holdings Channel reports. The institutional investor owned 39,218 shares of the company’s stock after selling 10,789 shares during the quarter. Fisher Asset Management LLC’s holdings in Tyson Foods were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of Tyson Foods by 39.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 59,916 shares of the company’s stock worth $3,569,000 after purchasing an additional 16,883 shares during the period. Hartford Funds Management Co LLC acquired a new stake in Tyson Foods during the third quarter valued at $1,032,000. Larson Financial Group LLC increased its holdings in Tyson Foods by 465.3% in the third quarter. Larson Financial Group LLC now owns 7,406 shares of the company’s stock valued at $441,000 after buying an additional 6,096 shares in the last quarter. Cerity Partners LLC raised its position in shares of Tyson Foods by 20.6% in the third quarter. Cerity Partners LLC now owns 19,449 shares of the company’s stock worth $1,158,000 after acquiring an additional 3,320 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Tyson Foods by 9.3% during the 3rd quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock worth $18,476,000 after acquiring an additional 26,352 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN stock opened at $64.52 on Friday. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. 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 stock has a market cap of $22.96 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The business has a fifty day moving average of $60.41 and a two-hundred day moving average of $60.02.

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler upped their price objective 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. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. 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 note on Wednesday, November 13th. Two 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling

In other news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wes Morris sold 25,080 shares of the business’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock valued at $26,450,955. Company 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.