Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Oak Thistle LLC

Oak Thistle LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,475 shares of the company's stock after selling 28,759 shares during the quarter. Oak Thistle LLC's holdings in Tyson Foods were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Private Advisor Group LLC lifted its holdings in shares of Tyson Foods by 37.9% in the second quarter. Private Advisor Group LLC now owns 15,180 shares of the company's stock valued at $867,000 after purchasing an additional 4,169 shares in the last quarter. American Century Companies Inc. lifted its stake in Tyson Foods by 4.6% in the 2nd quarter. American Century Companies Inc. now owns 71,054 shares of the company's stock valued at $4,060,000 after buying an additional 3,106 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Tyson Foods by 6.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 59,404 shares of the company's stock valued at $3,348,000 after buying an additional 3,410 shares during the last quarter. Meeder Advisory Services Inc. purchased a new position in Tyson Foods during the second quarter worth $230,000. Finally, Federated Hermes Inc. raised its holdings in shares of Tyson Foods by 222.5% in the second quarter. Federated Hermes Inc. now owns 3,283 shares of the company's stock worth $188,000 after acquiring an additional 2,265 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TSN. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Finally, Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $60.80.

Insider Activity

In other news, insider Wes Morris sold 25,080 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares of the company's stock, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, 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 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 in the last three months. Corporate insiders own 2.03% of the company's stock.

Tyson Foods Trading Up 0.5 %

Tyson Foods stock traded up $0.29 during midday trading on Wednesday, reaching $55.75. The stock had a trading volume of 1,663,030 shares, compared to its average volume of 2,461,006. The stock has a market capitalization of $19.84 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 0.91 and a beta of 0.81. 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's 50-day simple moving average is $60.35 and its 200 day simple moving average is $60.40. Tyson Foods, Inc. has a twelve month low of $51.16 and a twelve month high of $66.88.

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.