MetLife Investment Management LLC Sells 1,964 Shares of Tyson Foods, Inc. (NYSE:TSN)

MetLife Investment Management LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 74,237 shares of the company’s stock after selling 1,964 shares during the quarter. MetLife Investment Management LLC’s holdings in Tyson Foods were worth $4,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Comerica Bank increased its position in shares of Tyson Foods by 23.1% during the 1st quarter. Comerica Bank now owns 74,665 shares of the company’s stock valued at $4,385,000 after purchasing an additional 14,033 shares during the last quarter. Cetera Investment Advisers boosted its stake in Tyson Foods by 639.4% during the first quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock worth $5,451,000 after buying an additional 80,262 shares during the period. Cetera Advisors LLC increased its position in Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Tyson Foods by 1.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,994 shares of the company’s stock worth $3,270,000 after purchasing an additional 975 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TSN shares. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Piper Sandler lifted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Citigroup lowered their price objective 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. 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. Finally, Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Stock Up 0.1 %

Tyson Foods stock opened at $64.50 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.95 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. The business has a fifty day moving average of $60.41 and a two-hundred day moving average of $60.02. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month 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.