Centre Asset Management LLC Trims Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Centre Asset Management LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,050 shares of the company’s stock after selling 14,668 shares during the period. Tyson Foods accounts for 2.1% of Centre Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Centre Asset Management LLC’s holdings in Tyson Foods were worth $9,308,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods during the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Tyson Foods during the 3rd quarter valued at about $59,000. Finally, SYSTM Wealth Solutions LLC increased its position in shares of Tyson Foods by 1,566.2% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after buying an additional 1,018 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN traded up $0.37 during trading on Friday, hitting $58.52. 136,731 shares of the company traded hands, compared to its average volume of 882,778. The company has a market cap of $20.83 billion, a PE ratio of 26.01, a P/E/G ratio of 0.91 and a beta of 0.79. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $60.81 and its two-hundred day simple moving average is $60.38.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TSN shares. Bank of America cut their price objective 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. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company 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. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, BMO Capital Markets lifted 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 report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company’s stock.

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.