Kentucky Retirement Systems Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.6% in the third quarter, HoldingsChannel reports. The fund owned 19,912 shares of the company’s stock after selling 1,641 shares during the quarter. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its position in Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares in the last quarter. Signaturefd LLC grew its holdings in Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after buying an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock valued at $632,000 after buying an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after buying an additional 198 shares in the last quarter. Finally, Empirical Finance LLC boosted its position in shares of Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after acquiring an additional 206 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Tyson Foods stock opened at $64.55 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The firm has a 50-day moving average of $60.02 and a two-hundred day moving average of $59.76. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup decreased their target price 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. Stephens increased their target price 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. Piper Sandler boosted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.67.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.05% of the company’s stock.

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.