Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,217 shares of the company's stock after acquiring an additional 14,493 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Tyson Foods were worth $7,739,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TSN. State Street Corp increased its stake in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after purchasing an additional 859,351 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after acquiring an additional 54,217 shares during the last quarter. Davis Selected Advisers purchased a new position in shares of Tyson Foods during the 2nd quarter worth about $177,439,000. Charles Schwab Investment Management Inc. boosted its position in shares of Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after acquiring an additional 39,252 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock valued at $72,839,000 after purchasing an additional 398,404 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.7 %

Shares of Tyson Foods stock traded down $1.06 during trading hours on Friday, hitting $62.64. 1,376,289 shares of the company's stock traded hands, compared to its average volume of 2,614,933. Tyson Foods, Inc. has a twelve month low of $49.92 and a twelve month high of $66.88. The company has a market cap of $22.29 billion, a PE ratio of 27.84, a PEG ratio of 0.94 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $60.82 and a 200-day simple moving average of $60.13.

Insider Activity at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares of the company's stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.05% of the company's stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 9th. Stephens lifted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Bank of America dropped their price objective 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. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.