Providence Capital Advisors LLC Has $6.21 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 104,300 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $6,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC raised its stake in Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after purchasing an additional 54,217 shares in the last quarter. Davis Selected Advisers acquired a new stake in Tyson Foods in the 2nd quarter worth about $177,439,000. Charles Schwab Investment Management Inc. raised its stake in Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock worth $140,439,000 after purchasing an additional 39,252 shares in the last quarter. Van ECK Associates Corp raised its stake in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Tyson Foods by 6.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after purchasing an additional 73,764 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on 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 owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their target price 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. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Stephens lifted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America decreased their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $60.67.

Tyson Foods Stock Up 1.0 %

NYSE:TSN opened at $64.44 on Thursday. The firm’s 50 day simple moving average is $60.26 and its 200 day simple moving average is $59.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88. The company has a market cap of $22.93 billion, a PE ratio of 28.64, a P/E/G ratio of 0.96 and a beta of 0.78.

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.