Janney Montgomery Scott LLC Has $1.17 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Janney Montgomery Scott LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Tyson Foods during the second quarter valued at $54,000. Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the third quarter valued at $59,000. SYSTM Wealth Solutions LLC raised its position in 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 purchasing an additional 1,018 shares in the last quarter. Finally, First Community Trust NA raised its position in Tyson Foods by 58.0% during the second quarter. First Community Trust NA now owns 1,106 shares of the company’s stock valued at $63,000 after purchasing an additional 406 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.5 %

TSN opened at $64.32 on Friday. The firm has a 50-day simple moving average of $60.07 and a two-hundred day simple moving average of $59.72. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The company has a market capitalization of $22.89 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the 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 transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSN. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday. Citigroup dropped their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Stephens boosted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Two 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. According to MarketBeat, Tyson Foods presently 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.