Mutual Advisors LLC Sells 349 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mutual Advisors LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,391 shares of the company’s stock after selling 349 shares during the period. Mutual Advisors LLC’s holdings in Tyson Foods were worth $750,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after buying 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 during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Tyson Foods in the fourth quarter worth $775,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tyson Foods in the third quarter worth $1,036,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Tyson Foods by 4.1% in the third quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock worth $27,790,000 after buying an additional 18,317 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Insider Activity at Tyson Foods

In other news, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last ninety days. Company insiders own 2.03% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $56.51 on Monday. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 0.83 and a beta of 0.81. The firm’s 50 day simple moving average is $59.49 and its 200 day simple moving average is $60.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSN. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, 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 research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $60.70.

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.