Tyson Foods, Inc. (NYSE:TSN) Stake Lessened by Palisade Asset Management LLC

Palisade Asset Management LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,505 shares of the company’s stock after selling 500 shares during the quarter. Palisade Asset Management LLC’s holdings in Tyson Foods were worth $1,102,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Stephens increased their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research 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, Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

NYSE TSN opened at $63.77 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $46.51 and a 12 month high of $66.88. The company has a market capitalization of $22.69 billion, a PE ratio of 28.34, a P/E/G ratio of 0.96 and a beta of 0.78. The stock has a 50-day simple moving average of $60.13 and a 200 day simple moving average of $59.86.

Insider Activity

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction dated Monday, November 18th. The stock was 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 in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,363 shares of company stock valued at $3,732,049 in the last ninety days. 2.05% of the stock is owned by insiders.

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.