National Bank of Canada FI Decreases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

National Bank of Canada FI cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,861 shares of the company's stock after selling 52,230 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Tyson Foods worth $14,405,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new position in Tyson Foods in the 3rd quarter valued at approximately $427,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Tyson Foods by 12.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 132,217 shares of the company's stock valued at $7,739,000 after acquiring an additional 14,493 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Tyson Foods by 2.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 515,985 shares of the company's stock valued at $30,732,000 after acquiring an additional 11,575 shares in the last quarter. Two Sigma Advisers LP grew its position in Tyson Foods by 20.0% during the 3rd quarter. Two Sigma Advisers LP now owns 978,300 shares of the company's stock worth $58,268,000 after acquiring an additional 163,000 shares during the last quarter. Finally, State Street Corp increased its holdings in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm's 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 sale, the chairman now directly owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. This 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 valued at $26,450,955 over the last ninety days. Corporate insiders own 2.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSN shares. Piper Sandler upped their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an "underweight" rating in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price target 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. Barclays increased their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Citigroup decreased their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $60.67.

Tyson Foods Stock Down 0.8 %

TSN traded down $0.48 during mid-day trading on Wednesday, reaching $61.93. 3,045,822 shares of the stock were exchanged, compared to its average volume of 2,452,493. Tyson Foods, Inc. has a 1 year low of $49.97 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a market capitalization of $22.04 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. The company has a 50 day moving average price of $60.93 and a two-hundred day moving average price of $60.16.

Tyson Foods Company 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.