Groupama Asset Managment Sells 14,502 Shares of Tyson Foods, Inc. (NYSE:TSN)

Groupama Asset Managment trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 50.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,199 shares of the company’s stock after selling 14,502 shares during the period. Groupama Asset Managment’s holdings in Tyson Foods were worth $846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. Davis Selected Advisers bought a new stake in Tyson Foods in the second quarter worth $177,439,000. Pzena Investment Management LLC lifted its holdings 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 worth $713,654,000 after acquiring an additional 1,939,508 shares during the last quarter. State Street Corp boosted its stake in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the period. Jupiter Asset Management Ltd. bought a new position in Tyson Foods during the 2nd quarter valued at about $29,537,000. Finally, Van ECK Associates Corp raised its position in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.0 %

Tyson Foods stock opened at $62.65 on Tuesday. Tyson Foods, Inc. has a twelve month low of $49.97 and a twelve month high of $66.88. The business has a fifty day moving average of $60.88 and a two-hundred day moving average of $60.14. The firm has a market cap of $22.29 billion, a P/E ratio of 27.84, a P/E/G ratio of 0.94 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 in the last three months. 2.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stephens boosted their price objective 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. Citigroup reduced 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. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.