Tyson Foods, Inc. (NYSE:TSN) Holdings Raised by Citigroup Inc.

Citigroup Inc. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 310,210 shares of the company's stock after buying an additional 26,352 shares during the period. Citigroup Inc. owned 0.09% of Tyson Foods worth $18,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC boosted its stake in Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock worth $747,108,000 after buying an additional 54,217 shares during the last quarter. Davis Selected Advisers acquired a new position in shares of Tyson Foods in the 2nd quarter valued at about $177,439,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock valued at $140,439,000 after purchasing an additional 39,252 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Tyson Foods by 45.5% in the 2nd 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 in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Tyson Foods by 6.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock valued at $69,442,000 after purchasing an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Wes Morris sold 22,783 shares of the business's 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 sale, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now 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 disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last three months. 2.05% of the stock is owned by insiders.

Tyson Foods Price Performance

TSN stock opened at $63.81 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The stock's 50 day moving average is $60.21 and its two-hundred day moving average is $59.93. The company has a market capitalization of $22.71 billion, a PE ratio of 28.36, a P/E/G ratio of 0.96 and a beta of 0.78.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Finally, Stephens raised their target price on Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus target price 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.