Cornercap Investment Counsel Inc. Sells 5,293 Shares of Tyson Foods, Inc. (NYSE:TSN)

Cornercap Investment Counsel Inc. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 28.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,004 shares of the company’s stock after selling 5,293 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Tyson Foods were worth $775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Cetera Advisors LLC boosted its position 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 valued at $1,121,000 after purchasing an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after buying an additional 44,167 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Tyson Foods in the 1st quarter valued at $527,000. Sei Investments Co. lifted its position in shares of Tyson Foods by 14.9% during the 1st quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock valued at $11,576,000 after acquiring an additional 25,527 shares during the period. Finally, Assetmark Inc. boosted its stake in Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after acquiring an additional 9,526 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods 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 sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.05% of the company’s stock.

Tyson Foods Trading Up 0.5 %

Shares of TSN stock opened at $64.32 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 company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The company has a 50-day simple moving average of $60.07 and a two-hundred day simple moving average of $59.72.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSN. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday. 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. Stephens raised 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. Finally, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.67.

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.