Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,537 shares of the company’s stock after purchasing an additional 6,955 shares during the quarter. Sound Income Strategies LLC’s holdings in Tyson Foods were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC lifted its position in Tyson Foods by 709.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 35,049 shares of the company’s stock valued at $2,013,000 after acquiring an additional 30,719 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Tyson Foods by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Tyson Foods by 28.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,315 shares of the company’s stock valued at $76,000 after purchasing an additional 288 shares during the last quarter. Liberty One Investment Management LLC boosted its position in shares of Tyson Foods by 7.1% in the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company’s stock valued at $4,288,000 after purchasing an additional 4,922 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new position in Tyson Foods during the 4th quarter worth approximately $291,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 in the last quarter. 2.03% of the stock is currently owned by corporate insiders.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $56.08 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The firm has a market capitalization of $19.96 billion, a P/E ratio of 24.93, a PEG ratio of 0.83 and a beta of 0.81. The company’s fifty day moving average is $59.81 and its two-hundred day moving average is $60.34.

Analysts Set New Price Targets

TSN has been the subject of a number of research reports. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Bank of America dropped 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 note on Tuesday, October 15th. Stephens increased their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler boosted their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.70.

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.