Tyson Foods, Inc. (NYSE:TSN) Shares Sold by tru Independence LLC

tru Independence LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.6% in the fourth quarter, Holdings Channel reports. The fund owned 67,515 shares of the company’s stock after selling 1,115 shares during the period. tru Independence LLC’s holdings in Tyson Foods were worth $3,878,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Mizuho Securities USA LLC increased its position 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 worth $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Tyson Foods during the fourth quarter valued at about $775,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $1,036,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares in the company, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’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 directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is currently owned by corporate insiders.

Tyson Foods Trading Up 3.1 %

NYSE TSN opened at $58.18 on Monday. 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 firm has a 50 day moving average of $59.49 and a two-hundred day moving average of $60.37. The stock has a market capitalization of $20.70 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Stephens increased their target price 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. Bank of America dropped their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Piper Sandler lifted their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.70.

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.