Tyson Foods, Inc. (NYSE:TSN) Shares Sold 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 lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.9% during the third quarter, Holdings Channel reports. The firm owned 1,302,339 shares of the company’s stock after selling 227,634 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tyson Foods were worth $77,567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC increased its position in Tyson Foods by 0.4% during 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 during the period. Davis Selected Advisers purchased a new position in shares of Tyson Foods during the second quarter worth approximately $177,439,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $140,439,000 after acquiring an additional 39,252 shares during the period. Van ECK Associates Corp increased its holdings in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after acquiring an additional 398,404 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in Tyson Foods by 6.8% in 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 last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN opened at $64.33 on Tuesday. Tyson Foods, Inc. has a 1-year low of $47.92 and a 1-year high of $66.88. The stock has a market cap of $22.89 billion, a P/E ratio of 28.59, a P/E/G ratio of 0.97 and a beta of 0.78. The stock’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $60.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Analysts Set New Price Targets

A number of research analysts have commented on TSN shares. JPMorgan Chase & Co. lifted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets increased 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. Finally, Citigroup dropped their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Two 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.com, 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, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated 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 transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by corporate insiders.

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.