Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Centre Asset Management LLC

Centre Asset Management LLC lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 162,050 shares of the company's stock after selling 14,668 shares during the quarter. Tyson Foods comprises approximately 2.1% of Centre Asset Management LLC's portfolio, making the stock its 22nd largest position. Centre Asset Management LLC's holdings in Tyson Foods were worth $9,308,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position 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 purchasing an additional 859,351 shares during the period. Pzena Investment Management LLC lifted its position in Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tyson Foods by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after acquiring an additional 87,054 shares during the last quarter. Davis Selected Advisers purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $177,439,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after acquiring an additional 39,252 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.1 %

TSN traded up $0.03 on Friday, reaching $58.18. The company's stock had a trading volume of 1,764,084 shares, compared to its average volume of 1,714,792. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 0.91 and a beta of 0.79. 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 quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $60.81 and a two-hundred day moving average of $60.38.

Analysts Set New Price Targets

TSN has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.67.

Insider Activity

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of Tyson Foods 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 transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Corporate 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.