Versant Capital Management Inc Buys 1,091 Shares of Tyson Foods, Inc. (NYSE:TSN)

Versant Capital Management Inc increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 802.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,227 shares of the company’s stock after buying an additional 1,091 shares during the period. Versant Capital Management Inc’s holdings in Tyson Foods were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Davis Selected Advisers purchased a new position in shares of Tyson Foods in the 2nd quarter worth $177,439,000. State Street Corp boosted its position in Tyson Foods by 6.9% in 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. Jupiter Asset Management Ltd. bought a new stake in shares of Tyson Foods during the 2nd quarter valued at about $29,537,000. Barclays PLC increased its position in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the period. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the sale, the insider now owns 10,625 shares in the company, valued at $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. 2.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSN. Stephens upped their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Two investment 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, the company currently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Up 0.1 %

Shares of TSN opened at $58.18 on Monday. The business’s 50 day simple moving average is $60.80 and its 200-day simple moving average is $60.47. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

About Tyson Foods

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.