Connor Clark & Lunn Investment Management Ltd. Has $25.18 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Connor Clark & Lunn Investment Management Ltd. cut its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,749 shares of the company's stock after selling 264,269 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Tyson Foods worth $25,179,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its stake in shares of Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after purchasing an additional 114,179 shares during the last quarter. Cetera Advisors LLC grew its holdings in Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock valued at $1,121,000 after purchasing an additional 11,425 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock worth $14,388,000 after acquiring an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tyson Foods in the first quarter worth $527,000. Finally, Assetmark Inc. boosted its stake in Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company's stock valued at $23,391,000 after buying an additional 9,526 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Up 0.9 %

TSN traded up $0.60 during trading on Thursday, hitting $63.85. The company had a trading volume of 1,021,849 shares, compared to its average volume of 2,459,138. The company has a market cap of $22.72 billion, a PE ratio of 28.11, a P/E/G ratio of 0.95 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The business has a 50-day moving average of $60.04 and a 200-day moving average of $59.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred 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 in the company, valued at $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction 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 transaction, the general counsel now directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,363 shares of company stock worth $3,732,049. Insiders own 2.05% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on TSN shares. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Bank of America dropped their price objective 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. BMO Capital Markets increased their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report 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 research report on Wednesday, October 9th. 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 report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price 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.