Cornerstone Wealth Management LLC Raises Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Cornerstone Wealth Management LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 709.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,049 shares of the company’s stock after purchasing an additional 30,719 shares during the period. Cornerstone Wealth Management LLC’s holdings in Tyson Foods were worth $2,013,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Pzena Investment Management LLC raised its stake in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after acquiring an additional 54,217 shares during the period. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after acquiring an additional 39,252 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Tyson Foods by 6.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock valued at $69,442,000 after acquiring an additional 73,764 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSN shares. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stephens boosted 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 note on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.70.

Tyson Foods Trading Up 0.8 %

Shares of Tyson Foods stock opened at $56.51 on Friday. The company has a fifty day simple moving average of $59.65 and a 200-day simple moving average of $60.31. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 0.83 and a beta of 0.81.

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.