KBC Group NV Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

KBC Group NV lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 20.7% in the 3rd quarter, Holdings Channel reports. The firm owned 51,236 shares of the company’s stock after selling 13,410 shares during the quarter. KBC Group NV’s holdings in Tyson Foods were worth $3,052,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cetera Advisors LLC lifted its stake in shares of Tyson Foods by 149.2% during the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Tyson Foods by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after purchasing an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Tyson Foods in the first quarter worth about $527,000. Assetmark Inc. lifted its holdings in Tyson Foods by 2.5% during the 3rd quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock valued at $23,391,000 after buying an additional 9,526 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Tyson Foods by 1,978.9% in the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company’s stock valued at $698,000 after buying an additional 11,339 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction dated 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 directly owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSN. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Up 0.5 %

NYSE:TSN opened at $64.32 on Monday. 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 stock has a market capitalization of $22.89 billion, a P/E ratio of 28.59, a P/E/G ratio of 0.97 and a beta of 0.78. The company’s 50-day simple moving average is $60.04 and its 200-day simple moving average is $59.74. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

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.