Ferguson Wellman Capital Management Inc. Sells 480 Shares of Tyson Foods, Inc. (NYSE:TSN)

Ferguson Wellman Capital Management Inc. lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.1% during the third quarter, HoldingsChannel reports. The firm owned 8,905 shares of the company’s stock after selling 480 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Tyson Foods were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. Catalyst Capital Advisors LLC increased its holdings in shares of 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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 worth $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods during the 2nd quarter worth approximately $54,000. Northwest Investment Counselors LLC acquired a new position in shares of Tyson Foods during the 3rd quarter worth approximately $59,000. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after acquiring an additional 1,018 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE:TSN opened at $64.01 on Friday. The stock has a fifty day moving average price of $60.09 and a 200-day moving average price of $59.69. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 0.40 and a beta of 0.78. 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 fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Insider Activity

In related news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction 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 in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSN shares. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Bank of America decreased their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Piper Sandler upped their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday. Two equities 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 data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price 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.