CWA Asset Management Group LLC Sells 13,623 Shares of Tyson Foods, Inc. (NYSE:TSN)

CWA Asset Management Group LLC lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 67.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,486 shares of the company's stock after selling 13,623 shares during the period. CWA Asset Management Group LLC's holdings in Tyson Foods were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSN. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares during the period. Mizuho Securities USA LLC boosted its holdings in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock valued at $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $775,000. Y Intercept Hong Kong Ltd bought a new position in Tyson Foods during the 3rd quarter worth approximately $1,036,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Tyson Foods by 4.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company's stock valued at $27,790,000 after purchasing an additional 18,317 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Down 0.3 %

Tyson Foods stock traded down $0.16 during midday trading on Thursday, hitting $55.42. 4,011,640 shares of the stock were exchanged, compared to its average volume of 2,290,627. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88. 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 business's 50-day moving average price is $60.56 and its 200-day moving average price is $60.40. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81.

Analysts Set New Price Targets

TSN has been the topic of a number of research analyst reports. Piper Sandler upped their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. BMO Capital Markets lifted their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Stephens raised their price objective 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. 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, Bank of America decreased 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 note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $60.67.

Insider Activity

In other news, Chairman John H. Tyson sold 185,394 shares of the firm'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 transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last three months. Corporate insiders own 2.03% of the company's stock.

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.