tru Independence LLC Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

tru Independence LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,515 shares of the company’s stock after selling 1,115 shares during the period. tru Independence LLC’s holdings in Tyson Foods were worth $3,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the third quarter worth about $36,000. ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. Bank of America dropped their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Stephens lifted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.70.

Tyson Foods Trading Up 3.1 %

Shares of Tyson Foods stock opened at $58.18 on Monday. The firm has a 50-day simple moving average of $59.49 and a two-hundred day simple moving average of $60.37. The company has a market cap of $20.70 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

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.