Fisher Asset Management LLC Has $2.34 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Fisher Asset Management LLC lessened its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,218 shares of the company's stock after selling 10,789 shares during the period. Fisher Asset Management LLC's holdings in Tyson Foods were worth $2,336,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSN. Daiwa Securities Group Inc. boosted its holdings in Tyson Foods by 39.2% during the third quarter. Daiwa Securities Group Inc. now owns 59,916 shares of the company's stock worth $3,569,000 after buying an additional 16,883 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Tyson Foods during the 3rd quarter worth $1,032,000. Larson Financial Group LLC raised its position in shares of Tyson Foods by 465.3% during the third quarter. Larson Financial Group LLC now owns 7,406 shares of the company's stock worth $441,000 after purchasing an additional 6,096 shares during the period. Cerity Partners LLC lifted its holdings in shares of Tyson Foods by 20.6% during the third quarter. Cerity Partners LLC now owns 19,449 shares of the company's stock valued at $1,158,000 after purchasing an additional 3,320 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Tyson Foods by 9.3% in the 3rd quarter. Citigroup Inc. now owns 310,210 shares of the company's stock worth $18,476,000 after purchasing an additional 26,352 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 171,057 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company's stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Stock Up 0.9 %

TSN stock traded up $0.55 during mid-day trading on Friday, hitting $64.50. The stock had a trading volume of 1,131,554 shares, compared to its average volume of 2,468,808. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The company has a fifty day moving average of $60.41 and a 200 day moving average of $60.02. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 0.97 and a beta of 0.78.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. 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. Finally, Piper Sandler increased their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average 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.