Tyson Foods, Inc. $TSN Position Trimmed by Brighton Jones LLC

Brighton Jones LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 55.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,103 shares of the company’s stock after selling 13,760 shares during the period. Brighton Jones LLC’s holdings in Tyson Foods were worth $561,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of Tyson Foods by 5.2% during the first quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after buying an additional 63,885 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Tyson Foods in the second quarter worth approximately $11,267,000. Swiss National Bank raised its holdings in shares of Tyson Foods by 6.1% in the first quarter. Swiss National Bank now owns 830,700 shares of the company’s stock worth $53,223,000 after buying an additional 47,900 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Tyson Foods by 10.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock worth $35,589,000 after acquiring an additional 59,451 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $1,822,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN stock opened at $58.84 on Friday. Tyson Foods, Inc. has a twelve month low of $49.96 and a twelve month high of $69.48. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.38. The stock has a fifty day simple moving average of $54.38 and a two-hundred day simple moving average of $59.46. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSN. Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. The Goldman Sachs Group reduced their price target on shares of Tyson Foods from $67.00 to $62.00 in a research note on Friday, October 16th. Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. BMO Capital Markets lowered their price objective on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Finally, HSBC dropped their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.30.

Tyson Foods Company Profile

Tyson Foods, Inc. is a food company focused on protein production and prepared foods. Its businesses include chicken, beef and pork products, as well as ready-to-eat and other prepared foods sold to retail customers, food-service operators and industrial buyers. The company’s products are marketed under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and Wright. Offerings range from fresh and frozen meat to deli products, sausages, bacon and prepared meals. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas.