Retirement Systems of Alabama Sells 987 Shares of Tyson Foods, Inc. (NYSE:TSN)

Retirement Systems of Alabama decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 62,104 shares of the company’s stock after selling 987 shares during the period. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $3,699,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TSN. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. bought a new position in Tyson Foods during the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSN. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Stephens raised 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. Finally, Citigroup cut their price objective 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 given a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

TSN stock opened at $58.20 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The firm has a 50 day moving average price of $61.15 and a 200-day moving average price of $60.23. Tyson Foods, Inc. has a 52-week low of $50.97 and a 52-week high of $66.88. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.91 and a beta of 0.79.

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.