Fmr LLC Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

FMR LLC lessened its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,936,308 shares of the company's stock after selling 413,928 shares during the period. FMR LLC owned 2.23% of Tyson Foods worth $472,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after buying an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods in the third quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock valued at $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the 2nd quarter worth about $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSN. Barclays raised 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. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Finally, Stephens raised their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note 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.com, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $60.67.

Insider Buying and Selling

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 36,179 shares of the company's stock, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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 Trading Up 0.9 %

NYSE:TSN traded up $0.55 on Friday, hitting $64.50. 1,131,554 shares of the stock were exchanged, compared to its average volume of 2,468,808. The stock has a fifty day moving average of $60.41 and a 200-day moving average of $60.02. The stock has a market cap of $22.95 billion, a PE ratio of 28.67, a PEG 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. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

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.