Diversified Trust Co Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Diversified Trust Co acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,046 shares of the company’s stock, valued at approximately $807,000.

A number of other institutional investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its position in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the period. Signaturefd LLC increased its holdings in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares during the period. Finally, Empirical Finance LLC grew its position in Tyson Foods by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, 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 over the last ninety days. 2.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSN has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note 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 report on Wednesday, October 9th. Piper Sandler raised their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, Stephens upped their price target 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 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 data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Performance

NYSE:TSN opened at $55.42 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $19.72 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. The firm has a 50-day moving average price of $60.56 and a two-hundred day moving average price of $60.40. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88.

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.