Bank of Montreal Can Reduces Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Bank of Montreal Can trimmed its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 13.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 265,142 shares of the company's stock after selling 41,824 shares during the period. Bank of Montreal Can owned about 0.07% of Tyson Foods worth $15,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods during the third quarter valued at approximately $36,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Tyson Foods in the 3rd quarter worth about $1,744,000. Daiwa Securities Group Inc. grew its position in Tyson Foods by 39.2% during the third quarter. Daiwa Securities Group Inc. now owns 59,916 shares of the company's stock valued at $3,569,000 after buying an additional 16,883 shares during the period. Hartford Funds Management Co LLC purchased a new stake in Tyson Foods during the third quarter worth about $1,032,000. Finally, Larson Financial Group LLC raised its position in Tyson Foods by 465.3% in the third quarter. Larson Financial Group LLC now owns 7,406 shares of the company's stock worth $441,000 after acquiring an additional 6,096 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.55 on Friday, hitting $64.50. 1,131,554 shares of the company traded hands, compared to its average volume of 2,671,717. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The firm's 50-day simple moving average is $60.41 and its 200 day simple moving average is $60.02. The company has a market cap of $22.95 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Insider Activity at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Wes Morris sold 22,783 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now directly 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. In the last 90 days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.05% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on TSN shares. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and an average price target of $60.67.

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.