Providence Capital Advisors LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,300 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $6,212,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after purchasing an additional 54,217 shares during the last quarter. Davis Selected Advisers bought a new position in shares of Tyson Foods in the second quarter worth approximately $177,439,000. Charles Schwab Investment Management Inc. increased its position in shares of Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock worth $140,439,000 after purchasing an additional 39,252 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Tyson Foods by 45.5% in the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Tyson Foods by 6.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after purchasing an additional 73,764 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $64.44 on Thursday. The stock has a fifty day moving average of $60.26 and a 200 day moving average of $59.96. Tyson Foods, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 0.96 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSN shares. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. BMO Capital Markets increased their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Stephens increased 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. 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 company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wes Morris sold 25,080 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last quarter. 2.05% of the stock is owned by company insiders.

Tyson Foods Company 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.