Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,808 shares of the company’s stock after selling 176 shares during the period. Metis Global Partners LLC’s holdings in Tyson Foods were worth $763,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC raised its position in Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after acquiring an additional 44,167 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tyson Foods in the first quarter worth approximately $527,000. Assetmark Inc. grew its holdings in Tyson Foods by 2.5% during the 3rd quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after acquiring an additional 9,526 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Tyson Foods by 1,978.9% in the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company’s stock valued at $698,000 after purchasing an additional 11,339 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.5 %

TSN stock opened at $64.32 on Monday. Tyson Foods, Inc. has a 12 month low of $46.51 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a fifty day moving average price of $60.04 and a 200 day moving average price of $59.74.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. Piper Sandler boosted their target price on shares of 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 increased their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Stephens boosted 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 price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

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.