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

Prime Capital Investment Advisors LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods during the second quarter valued at approximately $54,000. Northwest Investment Counselors LLC bought a new position in Tyson Foods during the third quarter valued at approximately $59,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after purchasing an additional 1,018 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Up 0.5 %

TSN opened at $64.32 on Friday. 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. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The firm’s fifty day moving average is $60.07 and its 200 day moving average is $59.72.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research reports. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Piper Sandler increased their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Barclays upped 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.67.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the business’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 transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

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.