Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Altrius Capital Management Inc

Altrius Capital Management Inc lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 74,261 shares of the company’s stock after acquiring an additional 413 shares during the period. Altrius Capital Management Inc’s holdings in Tyson Foods were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Envestnet Portfolio Solutions Inc. boosted its position in shares of Tyson Foods by 16.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company’s stock worth $510,000 after buying an additional 1,220 shares during the period. Empowered Funds LLC boosted its position in shares of Tyson Foods by 145.2% during the first quarter. Empowered Funds LLC now owns 11,087 shares of the company’s stock worth $651,000 after buying an additional 6,565 shares during the period. Sei Investments Co. boosted its position in shares of Tyson Foods by 14.9% during the first quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after buying an additional 25,527 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Tyson Foods by 32.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,053 shares of the company’s stock worth $1,119,000 after buying an additional 4,679 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Tyson Foods by 5.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 362,871 shares of the company’s stock worth $21,526,000 after buying an additional 20,182 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSN. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Piper Sandler upped their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.67.

Insider Buying and Selling at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 represents a 58.84 % decrease in their ownership of the stock. The transaction 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.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.15 on Friday, reaching $63.86. 281,220 shares of the company traded hands, compared to its average volume of 2,451,000. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The company’s 50 day moving average is $60.07 and its 200-day moving average is $59.72. The stock has a market capitalization of $22.72 billion, a PE ratio of 28.47, a P/E/G ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

About Tyson Foods

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.