Everence Capital Management Inc. Takes $775,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Everence Capital Management Inc. purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,490 shares of the company's stock, valued at approximately $775,000.

Other large investors also recently modified their holdings of 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 worth $792,438,000 after acquiring an additional 859,351 shares during the period. Pzena Investment Management LLC increased its stake 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 worth $747,108,000 after purchasing an additional 54,217 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock worth $404,559,000 after purchasing an additional 87,054 shares during the period. Davis Selected Advisers purchased a new position in Tyson Foods during the second quarter valued at $177,439,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock valued at $140,439,000 after purchasing an additional 39,252 shares during the period. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Piper Sandler upped their price target 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. 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 report on Wednesday, November 13th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, Bank of America decreased their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.67.

Tyson Foods Price Performance

Shares of TSN stock traded up $0.03 during trading hours on Friday, hitting $58.18. The stock had a trading volume of 1,764,084 shares, compared to its average volume of 1,714,792. 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 stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 0.91 and a beta of 0.79. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The stock's 50-day moving average price is $60.80 and its two-hundred day moving average price is $60.43.

Insider Buying and Selling at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 in the last quarter. 2.03% of the stock is owned by corporate insiders.

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.