ZWJ Investment Counsel Inc. Sells 1,675 Shares of Tyson Foods, Inc. (NYSE:TSN)

ZWJ Investment Counsel Inc. trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 368,141 shares of the company’s stock after selling 1,675 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Tyson Foods were worth $21,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSN. Crossmark Global Holdings Inc. boosted its stake in shares of Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC boosted its position in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after buying an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after acquiring an additional 206 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insider Transactions at Tyson Foods

In related 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 transaction, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’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 sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last three months. Insiders own 2.03% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN stock opened at $55.73 on Tuesday. The firm’s 50 day moving average price is $60.15 and its two-hundred day moving average price is $60.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88. The stock has a market cap of $19.83 billion, a PE ratio of 24.77, a PEG ratio of 0.83 and a beta of 0.81.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup reduced their price target 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. Bank of America lowered their price objective on shares of 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, UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $60.80.

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.