Advisors Asset Management Inc. Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Advisors Asset Management Inc. cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,943 shares of the company’s stock after selling 1,566 shares during the period. Advisors Asset Management Inc.’s holdings in Tyson Foods were worth $1,128,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its stake in shares of Tyson Foods by 10.0% in the 1st quarter. Kennedy Capital Management LLC now owns 74,795 shares of the company’s stock valued at $4,393,000 after purchasing an additional 6,808 shares during the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in Tyson Foods during the first quarter worth $464,000. Comerica Bank increased its position in Tyson Foods by 23.1% during the first quarter. Comerica Bank now owns 74,665 shares of the company’s stock valued at $4,385,000 after acquiring an additional 14,033 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of Tyson Foods by 13.1% in the first quarter. Garner Asset Management Corp now owns 16,061 shares of the company’s stock valued at $943,000 after acquiring an additional 1,861 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in shares of Tyson Foods by 15.8% in the 1st quarter. iA Global Asset Management Inc. now owns 24,635 shares of the company’s stock worth $1,447,000 after acquiring an additional 3,354 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated 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 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. 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.

Tyson Foods Stock Up 0.0 %

NYSE:TSN opened at $63.79 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The company has a 50-day moving average of $60.17 and a 200 day moving average of $59.90. The firm has a market cap of $22.70 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler raised their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $60.67.

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.