Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,517 shares of the company’s stock after selling 3,501 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Tyson Foods were worth $2,115,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods in the second quarter valued at about $54,000. Northwest Investment Counselors LLC acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $59,000. Finally, SYSTM Wealth Solutions LLC increased its stake in shares of Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TSN shares. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets upped their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. 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’s stock. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Up 1.5 %

Shares of NYSE TSN opened at $59.59 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.20 billion, a PE ratio of -993.17, a P/E/G ratio of 0.37 and a beta of 0.78. The firm has a fifty day moving average of $60.29 and a 200-day moving average of $59.69. Tyson Foods, Inc. has a 52-week low of $45.13 and a 52-week high of $66.88.

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.