Tyson Foods, Inc. (NYSE:TSN) Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,302,339 shares of the company's stock after selling 227,634 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Tyson Foods worth $77,567,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC boosted its position in shares of Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after purchasing an additional 114,179 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Tyson Foods by 28.7% in the third quarter. Primecap Management Co. CA now owns 433,700 shares of the company's stock valued at $25,831,000 after acquiring an additional 96,600 shares in the last quarter. Citigroup Inc. lifted its holdings in Tyson Foods by 9.3% in the third quarter. Citigroup Inc. now owns 310,210 shares of the company's stock valued at $18,476,000 after acquiring an additional 26,352 shares during the period. Cetera Advisors LLC raised its stake in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock worth $1,121,000 after buying an additional 11,425 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock worth $14,388,000 after purchasing an additional 44,167 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.15 on Tuesday, reaching $64.19. 1,821,122 shares of the company's stock were exchanged, compared to its average volume of 2,464,537. Tyson Foods, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $66.88. The business's 50-day moving average is $60.41 and its two-hundred day moving average is $60.02. 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 firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.97 and a beta of 0.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TSN shares. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. 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. Finally, Stephens upped their price target 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.67.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the firm's stock in a transaction dated 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 owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company's stock, valued at $999,409.27. This trade represents a 58.84 % 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 quarter. Insiders own 2.05% 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.