Prime Capital Investment Advisors LLC Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Prime Capital Investment Advisors LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 3.2% during the 3rd quarter, Holdings Channel reports. The fund owned 9,651 shares of the company’s stock after selling 315 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Tyson Foods were worth $575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Advisors LLC grew its stake in shares of Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after buying an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Tyson Foods by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after acquiring an additional 44,167 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tyson Foods in the first quarter worth about $527,000. Sei Investments Co. increased its stake in Tyson Foods by 14.9% during the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after acquiring an additional 25,527 shares during the last quarter. Finally, Assetmark Inc. raised its position in Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock valued at $23,391,000 after purchasing an additional 9,526 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stephens boosted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.67.

Read Our Latest Analysis on TSN

Tyson Foods Stock Up 0.5 %

Shares of NYSE TSN opened at $64.32 on Friday. The stock has a 50 day moving average price of $60.07 and a 200 day moving average price of $59.72. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Tyson Foods Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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