Royal London Asset Management Ltd. Sells 706,549 Shares of Tyson Foods, Inc. (NYSE:TSN)

Royal London Asset Management Ltd. lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,802,653 shares of the company's stock after selling 706,549 shares during the period. Royal London Asset Management Ltd. owned 0.79% of Tyson Foods worth $166,926,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 0.4% in the third 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 in the last quarter. Davis Selected Advisers purchased a new position in Tyson Foods during the second quarter valued at $177,439,000. Charles Schwab Investment Management Inc. raised its position 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 worth $140,439,000 after purchasing an additional 39,252 shares during the last quarter. Van ECK Associates Corp increased its holdings in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company's stock worth $72,839,000 after buying an additional 398,404 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Tyson Foods by 6.8% during 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 during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods 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 transaction, the director now directly owns 36,179 shares of the company's stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the sale, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last ninety days. Company insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSN shares. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an "underweight" rating in a report on Wednesday, November 13th. Bank of America lowered 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. Finally, Citigroup decreased their price target 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average price target of $60.67.

Tyson Foods Stock Up 0.3 %

Shares of NYSE TSN traded up $0.19 during midday trading on Thursday, reaching $63.80. 425,989 shares of the company's stock were exchanged, compared to its average volume of 2,452,396. 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 $22.70 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.79. Tyson Foods, Inc. has a 52-week low of $49.43 and a 52-week high of $66.88. The business's fifty day moving average price is $60.67 and its two-hundred day moving average price is $60.09.

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.