Tyson Foods, Inc. (NYSE:TSN) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 67.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,486 shares of the company’s stock after selling 13,623 shares during the period. CWA Asset Management Group LLC’s holdings in Tyson Foods were worth $373,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after purchasing an additional 859,351 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after buying an additional 54,217 shares in the last quarter. Geode Capital Management LLC raised its stake in Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after acquiring an additional 39,252 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Tyson Foods by 6.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock valued at $69,442,000 after acquiring an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSN. BMO Capital Markets upped their target price 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 raised their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report 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 for the company in a research report on Wednesday, October 9th. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, Stephens increased their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $60.67.

Insiders Place Their Bets

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 transaction of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the sale, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is owned by corporate insiders.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.42 on Thursday. 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 12-month low of $51.16 and a 12-month high of $66.88. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. The stock has a 50 day simple moving average of $60.62 and a 200-day simple moving average of $60.43.

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.