Tyson Foods, Inc. (NYSE:TSN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 66.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,199 shares of the company's stock after selling 48,337 shares during the quarter. HighTower Advisors LLC's holdings in Tyson Foods were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TSN. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods during the third quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock valued at $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the second quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in Tyson Foods in the third quarter worth $59,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction 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 transaction, the chairman now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Noel W. White sold 171,057 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. This represents a 82.54 % 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 quarter. 2.05% of the stock is owned by insiders.

Tyson Foods Stock Performance

NYSE TSN traded down $0.74 during trading hours on Monday, hitting $59.74. The company had a trading volume of 1,937,825 shares, compared to its average volume of 2,445,495. The business has a 50 day moving average of $61.09 and a 200-day moving average of $60.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a 1-year low of $50.97 and a 1-year high of $66.88. The company has a market cap of $21.26 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSN. Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Stephens lifted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Barclays upped their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Finally, Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report 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 MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $60.67.

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.