Ridgewood Investments LLC Cuts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Ridgewood Investments LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC grew its stake in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity

In other news, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares in the company, valued at $687,543.75. This represents a 70.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 in the last 90 days. 2.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSN shares. Bank of America lowered their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday. They issued a “neutral” rating and a $62.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Stephens upped their target price 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. Finally, Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $60.80.

Tyson Foods Stock Performance

Shares of NYSE TSN traded down $0.72 during trading on Friday, reaching $54.74. 684,819 shares of the company traded hands, compared to its average volume of 2,184,679. The firm has a 50 day simple moving average of $60.56 and a 200-day simple moving average of $60.40. 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 stock has a market capitalization of $19.48 billion, a PE ratio of 24.33, a P/E/G ratio of 0.91 and a beta of 0.81. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88.

Tyson Foods 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.