Intellectus Partners LLC Decreases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Intellectus Partners LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,807 shares of the company’s stock after selling 392 shares during the period. Intellectus Partners LLC’s holdings in Tyson Foods were worth $644,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSN. Crossmark Global Holdings Inc. raised its position in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares during the period. Signaturefd LLC lifted its stake in Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tyson Foods by 1.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock valued at $632,000 after buying an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after buying an additional 198 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stephens boosted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Piper Sandler raised their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $64.32 on Friday. The stock’s 50-day simple moving average is $60.07 and its 200-day simple moving average is $59.72. The firm has a market capitalization of $22.89 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two 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.

Insiders Place Their Bets

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.05% of the stock is currently 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.