Prospera Financial Services Inc Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Prospera Financial Services Inc increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,298 shares of the company’s stock after acquiring an additional 451 shares during the quarter. Prospera Financial Services Inc’s holdings in Tyson Foods were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC lifted its stake in 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 acquiring an additional 210 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods during the second quarter valued at about $54,000. Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its position 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 valued at $62,000 after buying an additional 1,018 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays increased their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Piper Sandler upped their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling

In other news, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wes Morris sold 22,783 shares of the firm’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 sale, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by company insiders.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $63.79 on Tuesday. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month high of $66.88. The company’s 50 day moving average is $60.17 and its 200 day moving average is $59.90. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $22.70 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78.

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.