Venturi Wealth Management LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Venturi Wealth Management LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 426.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,757 shares of the company’s stock after purchasing an additional 1,423 shares during the period. Venturi Wealth Management LLC’s holdings in Tyson Foods were worth $105,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after buying an additional 128,274 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Davis Selected Advisers purchased a new position in shares of Tyson Foods in the second quarter worth $177,439,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock valued at $111,247,000 after purchasing an additional 91,627 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after buying an additional 398,404 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE TSN opened at $64.01 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. The business’s fifty day moving average is $60.09 and its 200 day moving average is $59.69. The company has a market capitalization of $22.78 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

Insider Activity at Tyson Foods

In other Tyson Foods 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 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 the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSN. BMO Capital Markets boosted 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. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Stephens raised their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two equities 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.

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.