Teachers Retirement System of The State of Kentucky Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,448 shares of the company’s stock after selling 1,387 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tyson Foods were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TSN. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,427 shares of the company’s stock valued at $596,000 after acquiring an additional 1,006 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Tyson Foods by 15.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,039 shares of the company’s stock valued at $574,000 after purchasing an additional 1,349 shares during the period. Blue Trust Inc. grew its holdings in shares of Tyson Foods by 35.2% in the second quarter. Blue Trust Inc. now owns 2,383 shares of the company’s stock valued at $140,000 after purchasing an additional 621 shares in the last quarter. Raymond James & Associates increased its stake in Tyson Foods by 12.7% during the 2nd quarter. Raymond James & Associates now owns 178,166 shares of the company’s stock worth $10,180,000 after buying an additional 20,136 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Tyson Foods by 67.9% during the 2nd quarter. Fifth Third Bancorp now owns 11,408 shares of the company’s stock worth $652,000 after buying an additional 4,613 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSN. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America decreased their price objective 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. Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, Stephens lifted 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Down 0.6 %

TSN stock opened at $59.40 on Wednesday. The company’s 50 day moving average is $61.14 and its two-hundred day moving average is $60.25. Tyson Foods, Inc. has a twelve month low of $50.97 and a twelve month high of $66.88. 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 stock has a market cap of $21.14 billion, a P/E ratio of 26.40, a PEG ratio of 0.91 and a beta of 0.79.

Insider Buying and Selling

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. 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. 2.05% of the stock is owned by corporate insiders.

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.