Tyson Foods, Inc. (TSN) Shares Sold by Bessemer Group Inc.
Bessemer Group Inc. lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 68.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,658 shares of the company’s stock after selling 105,668 shares during the period. Bessemer Group Inc.’s holdings in Tyson Foods were worth $3,358,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Sun Life Financial INC increased its holdings in Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares during the period. Washington Trust Bank increased its holdings in Tyson Foods by 60.0% during the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares during the period. Archford Capital Strategies LLC increased its holdings in Tyson Foods by 27,492.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after purchasing an additional 3,574 shares during the period. IFP Advisors Inc increased its holdings in Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares during the period. Finally, Cadence Bank NA purchased a new position in Tyson Foods during the 3rd quarter valued at about $200,000. Institutional investors own 70.69% of the company’s stock.
A number of research analysts recently issued reports on the company. Fundamental Research set a C$1.82 price target on Tyson Foods and gave the company a “buy” rating in a report on Thursday, August 17th. BidaskClub raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada lifted their price objective on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Credit Suisse Group set a $70.00 price objective on Tyson Foods and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Finally, Mizuho reaffirmed a “buy” rating and set a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$69.17.
In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of C$0.53, for a total value of C$56,849.92. Insiders own 2.65% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at C$74.89 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79. Tyson Foods, Inc. has a 12-month low of C$55.72 and a 12-month high of C$74.30. The company has a market capitalization of $26,636.80, a P/E ratio of 15.32 and a beta of 0.30.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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