Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,740 shares of the company’s stock after selling 190 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Tyson Foods were worth $2,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC increased its stake 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 purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the third quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. raised 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 acquiring an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last 90 days. 2.05% of the stock is owned by insiders.

Tyson Foods Trading Down 1.2 %

NYSE:TSN opened at $60.48 on Friday. The company has a market capitalization of $21.52 billion, a P/E ratio of 26.88, a P/E/G ratio of 0.91 and a beta of 0.79. The stock’s 50 day moving average price is $61.09 and its 200 day moving average price is $60.20. 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 $50.97 and a 52 week high of $66.88.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSN. Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note 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 research note on Wednesday, October 9th. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Stephens upped 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.67.

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.