Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,740 shares of the company’s stock after selling 2,183 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Tyson Foods were worth $759,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in Tyson Foods by 517.7% during the third 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. Cetera Advisors LLC increased its stake in Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after purchasing an additional 11,425 shares during the period. Envestnet Asset Management Inc. increased its stake in Tyson Foods by 21.3% during the second 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 period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Tyson Foods during the first quarter worth about $527,000. Finally, Assetmark Inc. increased its stake in Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after purchasing an additional 9,526 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $63.77 on Friday. The firm has a market capitalization of $22.69 billion, a P/E ratio of 28.34, a P/E/G ratio of 0.95 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The firm’s 50 day moving average is $60.08 and its two-hundred day moving average is $59.82. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Activity

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value 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 approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the sale, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,363 shares of company stock valued at $3,732,049. 2.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stephens upped their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. 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 research note on Wednesday, November 13th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Two 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. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.67.

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.