B. Riley Wealth Advisors Inc. Reduces Stock Position in Tyson Foods, Inc. (NYSE:TSN)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,109 shares of the company’s stock after selling 1,442 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Tyson Foods were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods during the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. increased 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 worth $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Tyson Foods in the 3rd quarter valued at about $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSN. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Trading Down 0.3 %

NYSE TSN opened at $58.02 on Friday. Tyson Foods, Inc. has a 52-week low of $50.97 and a 52-week high of $66.88. The firm has a 50-day moving average price of $61.14 and a 200 day moving average price of $60.24. The stock has a market capitalization of $20.65 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.91 and a beta of 0.79. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

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.