Lincoln Capital Corp Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Lincoln Capital Corp trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,054 shares of the company’s stock after selling 220 shares during the period. Tyson Foods makes up approximately 1.0% of Lincoln Capital Corp’s holdings, making the stock its 29th largest position. Lincoln Capital Corp’s holdings in Tyson Foods were worth $2,416,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TSN. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Brooklyn Investment Group grew its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the 3rd quarter valued at about $36,000. ST Germain D J Co. Inc. purchased a new position in Tyson Foods in the fourth quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their position. 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 three months. 2.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens upped their price objective on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Piper Sandler boosted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. 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, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.70.

Tyson Foods Stock Performance

NYSE:TSN opened at $56.08 on Friday. The stock has a 50-day simple moving average of $59.81 and a two-hundred day simple moving average of $60.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88. The firm has a market capitalization of $19.96 billion, a PE ratio of 24.93, a P/E/G ratio of 0.83 and a beta of 0.81.

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.