D.A. Davidson & CO. Decreases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

D.A. Davidson & CO. lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.5% during the third quarter, Holdings Channel reports. The institutional investor owned 8,210 shares of the company’s stock after selling 764 shares during the quarter. D.A. Davidson & CO.’s holdings in Tyson Foods were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TSN. Mizuho Securities USA LLC increased its stake in shares of Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after purchasing an additional 114,179 shares in the last quarter. Primecap Management Co. CA raised its holdings in Tyson Foods by 28.7% during the 3rd quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock valued at $25,831,000 after acquiring an additional 96,600 shares during the period. Citigroup Inc. lifted its position in shares of Tyson Foods by 9.3% during the third quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock worth $18,476,000 after acquiring an additional 26,352 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of 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 purchasing an additional 44,167 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.2 %

NYSE TSN opened at $64.19 on Wednesday. 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 stock’s 50-day simple moving average is $60.56 and its two-hundred day simple moving average is $60.07. Tyson Foods, Inc. has a twelve month low of $47.92 and a twelve month high of $66.88. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.97 and a beta of 0.79.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the 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 transaction, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at $2,304,602.30. This represents a 82.54 % 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 valued at $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stephens raised 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. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America reduced their price target 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, JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.67.

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.