Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 50.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,199 shares of the company's stock after selling 14,502 shares during the period. Groupama Asset Managment's holdings in Tyson Foods were worth $846,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in Tyson Foods by 8.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 93,014 shares of the company's stock worth $5,540,000 after purchasing an additional 6,938 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Tyson Foods during the third quarter valued at about $1,036,000. MML Investors Services LLC increased its holdings in shares of Tyson Foods by 10.0% in the third quarter. MML Investors Services LLC now owns 28,657 shares of the company's stock worth $1,707,000 after buying an additional 2,616 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Tyson Foods by 15.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company's stock valued at $1,070,000 after acquiring an additional 2,349 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Tyson Foods during the 3rd quarter worth approximately $427,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TSN shares. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Stephens upped 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. 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. Finally, Citigroup cut their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 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. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price of $60.67.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the 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 sale, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 in the last quarter. 2.05% of the stock is owned by company insiders.

Tyson Foods Trading Down 0.4 %

NYSE:TSN traded down $0.23 during midday trading on Tuesday, hitting $62.41. 2,150,491 shares of the company traded hands, compared to its average volume of 2,450,000. 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 firm's fifty day moving average is $60.88 and its 200-day moving average is $60.14. The firm has a market capitalization of $22.21 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.94 and a beta of 0.79. Tyson Foods, Inc. has a 12-month low of $49.97 and a 12-month 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.