NFJ Investment Group LLC Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

NFJ Investment Group LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 572,397 shares of the company’s stock after selling 25,326 shares during the quarter. Tyson Foods comprises about 1.0% of NFJ Investment Group LLC’s investment portfolio, making the stock its 26th biggest holding. NFJ Investment Group LLC’s holdings in Tyson Foods were worth $34,092,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the second quarter worth $54,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Tyson Foods in the third quarter valued at $59,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler upped their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America lowered their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 3,003,374 shares of the company’s stock, valued at $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. In the last quarter, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Trading Down 0.4 %

NYSE:TSN traded down $0.24 on Tuesday, hitting $64.10. 489,096 shares of the stock were exchanged, compared to its average volume of 2,457,151. The stock has a fifty day moving average of $60.41 and a 200-day moving average of $60.02. The stock has a market cap of $22.81 billion, a PE ratio of 28.59, a PEG ratio of 0.97 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $66.88.

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.