BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 7,124 Shares of Tyson Foods, Inc. (NYSE:TSN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 13.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 47,715 shares of the company’s stock after selling 7,124 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tyson Foods were worth $2,842,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC grew its stake in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC bought a new position in Tyson Foods in the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TSN shares. Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup cut their target price on 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 decreased their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.67.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $63.61 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $49.43 and a fifty-two week 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 cap of $22.64 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.79. The firm’s fifty day moving average price is $60.67 and its 200-day moving average price is $60.09.

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.