Tyson Foods, Inc. $TSN Shares Sold by Brighton Jones LLC

Brighton Jones LLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 55.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,103 shares of the company’s stock after selling 13,760 shares during the period. Brighton Jones LLC’s holdings in Tyson Foods were worth $561,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. StoneX Group Inc. bought a new stake in Tyson Foods during the 3rd quarter valued at approximately $221,000. Pictet Asset Management Holding SA boosted its stake in Tyson Foods by 1.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 131,199 shares of the company’s stock worth $6,629,000 after purchasing an additional 1,989 shares during the period. Alps Advisors Inc. grew its holdings in Tyson Foods by 5.8% during the 3rd quarter. Alps Advisors Inc. now owns 6,526 shares of the company’s stock valued at $330,000 after buying an additional 355 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in Tyson Foods during the 3rd quarter valued at approximately $68,000. Finally, ACR Alpine Capital Research LLC bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $4,962,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $58.84 on Friday. Tyson Foods, Inc. has a 52-week low of $49.96 and a 52-week high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $54.38 and its 200 day moving average is $59.46. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.98 and a beta of 0.38.

Analysts Set New Price Targets

Several equities analysts have recently commented on TSN shares. Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Barclays cut their target price on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, September 4th. BMO Capital Markets reduced their price target on shares of Tyson Foods from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, September 4th. JPMorgan Chase & Co. raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $65.00 to $63.00 in a report on Friday, September 18th. Finally, HSBC cut their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell 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 $66.30.

Tyson Foods Profile

Tyson Foods, Inc. is a food company focused on protein production and prepared foods. Its businesses include chicken, beef and pork products, as well as ready-to-eat and other prepared foods sold to retail customers, food-service operators and industrial buyers. The company’s products are marketed under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and Wright. Offerings range from fresh and frozen meat to deli products, sausages, bacon and prepared meals. Founded in 1935 by John W. Tyson, the company is headquartered in Springdale, Arkansas.