Quantbot Technologies LP Sells 51,632 Shares of Tyson Foods, Inc. (NYSE:TSN)

Quantbot Technologies LP decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 80.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,297 shares of the company’s stock after selling 51,632 shares during the period. Quantbot Technologies LP’s holdings in Tyson Foods were worth $732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its position in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods during the 3rd quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Tyson Foods by 301.6% in the 3rd 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 period. Hantz Financial Services Inc. purchased a new position in Tyson Foods during the 2nd quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

NYSE:TSN opened at $64.33 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock’s fifty day moving average is $60.41 and its 200 day moving average is $60.02. The firm has a market capitalization of $22.89 billion, a PE ratio of 28.60, a PEG ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $66.88.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TSN shares. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Piper Sandler increased their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Finally, Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.67.

Insider Buying and Selling

In other Tyson Foods news, 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 transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 directly owns 10,625 shares in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. 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.