Fulton Bank N.A. Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Fulton Bank N.A. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,642 shares of the company’s stock after selling 964 shares during the quarter. Fulton Bank N.A.’s holdings in Tyson Foods were worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSN. Diversified Trust Co purchased a new position in Tyson Foods during the 4th quarter valued at $807,000. Nordea Investment Management AB raised its stake in Tyson Foods by 21.7% in the fourth quarter. Nordea Investment Management AB now owns 26,854 shares of the company’s stock worth $1,536,000 after buying an additional 4,787 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Tyson Foods in the fourth quarter worth about $775,000. GAMMA Investing LLC boosted its position in Tyson Foods by 18.4% during the 4th quarter. GAMMA Investing LLC now owns 7,812 shares of the company’s stock valued at $449,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Tyson Foods by 802.2% during the 4th quarter. Versant Capital Management Inc now owns 1,227 shares of the company’s stock worth $70,000 after acquiring an additional 1,091 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Citigroup dropped their target price 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. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Stephens upped their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Trading Down 0.3 %

NYSE:TSN opened at $55.42 on Thursday. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 0.91 and a beta of 0.81. 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 company’s 50 day moving average price is $60.62 and its 200-day moving average price is $60.43. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Tyson Foods Company 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.