Sound Income Strategies LLC Has $3.25 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Sound Income Strategies LLC increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,537 shares of the company's stock after buying 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 SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock valued at $35,000 after acquiring an additional 210 shares during the period. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter worth approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens upped their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Bank of America cut their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Finally, Barclays reduced their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.70.

Tyson Foods Price Performance

Shares of TSN traded up $0.44 during midday trading on Friday, hitting $56.51. The company's stock had a trading volume of 2,831,608 shares, compared to its average volume of 2,262,682. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. The company's fifty day simple moving average is $59.65 and its two-hundred day simple moving average is $60.31.

Insider Buying and Selling at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. Insiders own 2.03% of the company's stock.

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.