KBC Group NV Sells 13,410 Shares of Tyson Foods, Inc. (NYSE:TSN)

KBC Group NV lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,236 shares of the company's stock after selling 13,410 shares during the period. KBC Group NV's holdings in Tyson Foods were worth $3,052,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC grew its position in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after buying an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods in the second quarter worth approximately $54,000. Northwest Investment Counselors LLC acquired a new stake in Tyson Foods during the 3rd quarter worth about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its stake in Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company's stock valued at $62,000 after buying an additional 1,018 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSN. BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.67.

Insider Buying and Selling

In other news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 15,937 shares of the company's stock, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Price Performance

TSN stock traded up $0.37 during midday trading on Monday, reaching $64.69. The company had a trading volume of 1,862,156 shares, compared to its average volume of 2,461,696. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88. 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 company has a market capitalization of $23.02 billion, a P/E ratio of 28.76, a P/E/G ratio of 0.97 and a beta of 0.78. The firm has a 50-day moving average price of $60.04 and a 200-day moving average price of $59.74.

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.