Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,506,930 shares of the company’s stock after selling 147,364 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tyson Foods were worth $89,753,000 as of its most recent SEC filing.

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

Tyson Foods Price Performance

TSN stock opened at $64.32 on Monday. The firm has a 50 day moving average of $60.04 and a 200-day moving average of $59.74. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.97 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88.

Analysts Set New Price Targets

A number of research firms have recently commented on TSN. 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 research report on Wednesday, November 13th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup reduced 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. Finally, Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two 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, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $60.67.

Insider Buying and Selling

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 completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.05% of the stock is currently owned by insiders.

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.