Integrated Wealth Concepts LLC Purchases 852 Shares of Tyson Foods, Inc. (NYSE:TSN)

Integrated Wealth Concepts LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,143 shares of the company’s stock after acquiring an additional 852 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Tyson Foods were worth $1,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Tyson Foods by 301.6% in 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 in the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the 2nd quarter valued at $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the third quarter worth $59,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Down 1.7 %

Shares of NYSE:TSN opened at $62.64 on Monday. The firm has a market capitalization of $22.29 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. 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, Inc. has a 52-week low of $49.92 and a 52-week high of $66.88. The firm has a fifty day moving average of $60.82 and a 200 day moving average of $60.12.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This trade represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Stephens raised 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, November 13th. Bank of America decreased their target price 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. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler upped their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $60.67.

About Tyson Foods

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.