Greenwood Gearhart Inc. Sells 3,987 Shares of Tyson Foods, Inc. (NYSE:TSN)

Greenwood Gearhart Inc. cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,224 shares of the company’s stock after selling 3,987 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Tyson Foods were worth $6,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC increased its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after acquiring an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the third quarter valued at about $59,000. 67.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tyson Foods 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 transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last quarter. 2.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler upped their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Stephens raised their price objective on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. 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, Tyson Foods currently has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Performance

Shares of TSN opened at $62.65 on Tuesday. The stock has a 50-day moving average of $60.88 and a two-hundred day moving average of $60.14. 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 cap of $22.29 billion, a P/E ratio of 27.84, a P/E/G ratio of 0.94 and a beta of 0.79. Tyson Foods, Inc. has a one year low of $49.97 and a one year 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.