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

CWA Asset Management Group LLC cut its position in Tyson Foods, Inc. (NYSE:TSN) by 67.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TSN. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 44.8% during 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 last quarter. Mizuho Securities USA LLC lifted 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 buying an additional 114,179 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Tyson Foods during the fourth quarter worth about $775,000. Y Intercept Hong Kong Ltd purchased a new stake in Tyson Foods during the 3rd quarter valued at about $1,036,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Tyson Foods by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after acquiring an additional 18,317 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of 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 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. 2.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSN. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets boosted 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. Finally, Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Trading Down 0.3 %

NYSE TSN opened at $55.42 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a market capitalization of $19.72 billion, a P/E ratio of 24.63, a PEG ratio of 0.91 and a beta of 0.81. The firm’s 50-day moving average is $60.62 and its two-hundred day moving average is $60.43. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88.

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.