Hodges Capital Management Inc. Sells 133,208 Shares of Tyson Foods, Inc. (NYSE:TSN)

Hodges Capital Management Inc. lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 70.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,083 shares of the company's stock after selling 133,208 shares during the quarter. Hodges Capital Management Inc.'s holdings in Tyson Foods were worth $3,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TSN. Orion Portfolio Solutions LLC raised its position in Tyson Foods by 15.0% in the third quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company's stock worth $1,070,000 after acquiring an additional 2,349 shares during the period. EP Wealth Advisors LLC bought a new position in Tyson Foods in the 3rd quarter worth $427,000. Kovitz Investment Group Partners LLC raised its stake in shares of Tyson Foods by 12.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 132,217 shares of the company's stock worth $7,739,000 after buying an additional 14,493 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in Tyson Foods by 2.3% during the third quarter. Worldquant Millennium Advisors LLC now owns 515,985 shares of the company's stock valued at $30,732,000 after purchasing an additional 11,575 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Tyson Foods by 20.0% during the 3rd quarter. Two Sigma Advisers LP now owns 978,300 shares of the company's stock valued at $58,268,000 after buying an additional 163,000 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.0 %

TSN stock traded up $0.01 during midday trading on Monday, reaching $62.65. The company's stock had a trading volume of 1,879,905 shares, compared to its average volume of 2,451,262. Tyson Foods, Inc. has a 1 year low of $49.97 and a 1 year high of $66.88. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 0.94 and a beta of 0.79. The stock has a fifty day simple moving average of $60.88 and a two-hundred day simple moving average of $60.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Buying and Selling

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 in the last 90 days. Company insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. BMO Capital Markets lifted 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 note on Wednesday, November 13th. Bank of America lowered their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Piper Sandler boosted their target price on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. 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 report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.67.

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.