Coldstream Capital Management Inc. Acquires Shares of 6,082 Tyson Foods, Inc. (NYSE:TSN)

Coldstream Capital Management Inc. bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, Holdings Channel reports. The firm bought 6,082 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors have also modified their holdings of TSN. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 10.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,427 shares of the company’s stock valued at $596,000 after buying an additional 1,006 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Tyson Foods by 15.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,039 shares of the company’s stock worth $574,000 after acquiring an additional 1,349 shares during the period. Blue Trust Inc. raised its holdings in Tyson Foods by 35.2% during the second quarter. Blue Trust Inc. now owns 2,383 shares of the company’s stock worth $140,000 after purchasing an additional 621 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Tyson Foods by 6.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 735,185 shares of the company’s stock valued at $42,008,000 after purchasing an additional 47,334 shares during the period. Finally, Raymond James & Associates boosted its holdings in Tyson Foods by 12.7% in the 2nd quarter. Raymond James & Associates now owns 178,166 shares of the company’s stock valued at $10,180,000 after purchasing an additional 20,136 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Piper Sandler raised their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Bank of America lowered their price target 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 raised their price objective 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. Finally, Citigroup lowered their target price 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. 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, the stock has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $60.48 on Friday. 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 company’s 50-day moving average price is $61.09 and its 200 day moving average price is $60.20. Tyson Foods, Inc. has a 52 week low of $50.97 and a 52 week high of $66.88. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 0.91 and a beta of 0.79.

Insider Buying and Selling at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred 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 sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock valued at $26,450,955 over the last quarter. Corporate insiders own 2.05% of the company’s stock.

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.