Community Bank of Raymore Sells 1,760 Shares of Tyson Foods, Inc. (NYSE:TSN)

Community Bank of Raymore trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 49,540 shares of the company’s stock after selling 1,760 shares during the quarter. Tyson Foods comprises 2.2% of Community Bank of Raymore’s portfolio, making the stock its 15th biggest holding. Community Bank of Raymore’s holdings in Tyson Foods were worth $2,846,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSN. Brooklyn Investment Group boosted its position in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $55.73 on Monday. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88. The firm has a market capitalization of $19.83 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a fifty day moving average price of $60.15 and a two-hundred day moving average price of $60.35.

Analyst Upgrades and Downgrades

TSN has been the subject of several research reports. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” 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 for the company in a research report on Wednesday, October 9th. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $60.80.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is owned by corporate 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.