Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 419,816 shares of the company's stock after selling 325,170 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of Tyson Foods worth $24,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp boosted its stake in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after purchasing an additional 54,217 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after purchasing an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Tyson Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after buying an additional 39,252 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Tyson Foods by 6.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock worth $69,442,000 after buying an additional 73,764 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE TSN traded down $0.29 on Friday, hitting $55.73. 1,907,392 shares of the company's stock were exchanged, compared to its average volume of 2,376,083. 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 firm's 50-day moving average price is $60.23 and its two-hundred day moving average price is $60.34. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 0.82 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.

Wall Street Analyst Weigh In

TSN has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Stephens increased 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. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. 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 report on Tuesday, October 15th. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.80.

Insider Buying and Selling

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the sale, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 over the last quarter. Company insiders own 2.03% of the company's stock.

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.