Public Employees Retirement System of Ohio Lowers Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Public Employees Retirement System of Ohio reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 4.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 102,166 shares of the company’s stock after selling 5,088 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tyson Foods were worth $6,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,427 shares of the company’s stock valued at $596,000 after purchasing an additional 1,006 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Tyson Foods by 15.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,039 shares of the company’s stock valued at $574,000 after buying an additional 1,349 shares in the last quarter. Blue Trust Inc. grew its stake in Tyson Foods by 35.2% during the second quarter. Blue Trust Inc. now owns 2,383 shares of the company’s stock worth $140,000 after buying an additional 621 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Tyson Foods by 6.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 735,185 shares of the company’s stock worth $42,008,000 after acquiring an additional 47,334 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Tyson Foods by 12.7% in the 2nd quarter. Raymond James & Associates now owns 178,166 shares of the company’s stock valued at $10,180,000 after acquiring an additional 20,136 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler increased their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Bank of America reduced 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 increased 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, Stephens boosted 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 report on Wednesday, November 13th. Two equities research 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’s stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $60.67.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 in the last ninety days. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Stock Down 1.2 %

Shares of NYSE:TSN opened at $60.48 on Friday. The firm has a market cap of $21.52 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79. The company has a fifty day simple moving average of $61.09 and a 200 day simple moving average of $60.18. 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 $50.97 and a 12-month high of $66.88.

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.