Versor Investments LP Decreases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Versor Investments LP trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,200 shares of the company’s stock after selling 6,400 shares during the quarter. Versor Investments LP’s holdings in Tyson Foods were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after purchasing an additional 5,175 shares during the last quarter. Cetera Advisors LLC grew 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 acquiring an additional 11,425 shares during the period. Envestnet Asset Management Inc. increased its holdings in Tyson Foods by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after acquiring an additional 44,167 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Tyson Foods in the 1st quarter valued at about $527,000. Finally, Sei Investments Co. lifted its holdings in Tyson Foods by 14.9% during the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after purchasing an additional 25,527 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 1.3 %

Shares of Tyson Foods stock opened at $58.81 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year high of $66.88. The firm has a market cap of $20.93 billion, a PE ratio of -980.17, a PEG ratio of 0.38 and a beta of 0.78. The company has a 50 day simple moving average of $60.29 and a two-hundred day simple moving average of $59.67.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TSN shares. Stephens assumed coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price for the company. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America decreased 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, Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.22.

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.