Janney Montgomery Scott LLC Trims Stake in Tyson Foods, Inc. (NYSE:TSN)

Janney Montgomery Scott LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.1% during the third quarter, HoldingsChannel.com reports. The fund owned 19,571 shares of the company’s stock after selling 4,910 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Tyson Foods were worth $1,166,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSN. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Tyson Foods by 301.6% during the third 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 during the period. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods during the second quarter worth $54,000. Northwest Investment Counselors LLC acquired a new stake in shares of Tyson Foods during the third quarter worth $59,000. SYSTM Wealth Solutions LLC raised its holdings in shares of Tyson Foods by 1,566.2% during 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. Finally, First Community Trust NA raised its holdings in shares of Tyson Foods by 58.0% during the second quarter. First Community Trust NA now owns 1,106 shares of the company’s stock worth $63,000 after purchasing an additional 406 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN opened at $64.32 on Friday. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 0.40 and a beta of 0.78. The firm’s 50-day simple moving average is $60.07 and its 200-day simple moving average is $59.72. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the firm’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 owns 15,937 shares in the company, valued at $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSN shares. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday. JPMorgan Chase & Co. boosted 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. 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. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday. 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’s stock. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.67.

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.