Ridgewood Investments LLC Sells 3,829 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ridgewood Investments LLC reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,448 shares of the company’s stock after selling 3,829 shares during the period. Ridgewood Investments LLC’s holdings in Tyson Foods were worth $1,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSN. TD Asset Management Inc grew its holdings in Tyson Foods by 3.1% during the 2nd quarter. TD Asset Management Inc now owns 100,954 shares of the company’s stock valued at $5,769,000 after buying an additional 3,022 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Tyson Foods by 37.9% in the second quarter. Private Advisor Group LLC now owns 15,180 shares of the company’s stock valued at $867,000 after purchasing an additional 4,169 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Tyson Foods by 10.4% in the second quarter. Savant Capital LLC now owns 11,410 shares of the company’s stock valued at $652,000 after purchasing an additional 1,075 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock valued at $546,000 after purchasing an additional 235 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Tyson Foods by 47.7% in the second quarter. Wedbush Securities Inc. now owns 6,852 shares of the company’s stock valued at $392,000 after purchasing an additional 2,213 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TSN. Piper Sandler raised their target price 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. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday. They set a “neutral” rating and a $62.00 price objective for the company. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Stephens lifted their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $60.80.

Tyson Foods Stock Down 1.3 %

Shares of TSN stock traded down $0.72 during trading hours on Friday, reaching $54.74. 684,819 shares of the company’s stock were exchanged, compared to its average volume of 2,184,679. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The stock has a market cap of $19.48 billion, a PE ratio of 24.33, a PEG ratio of 0.91 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $60.56 and its two-hundred day moving average price is $60.40.

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.