Tyson Foods, Inc. (NYSE:TSN) Given Average Rating of “Reduce” by Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given an average recommendation of “Reduce” by the ten ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $60.80.

A number of research analysts have commented on the stock. Citigroup dropped 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 note on Wednesday, October 9th. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Stephens upped their price objective on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, Piper Sandler upped their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th.

Tyson Foods Stock Performance

Shares of TSN opened at $55.73 on Thursday. The company’s 50 day simple moving average is $60.15 and its 200-day simple moving average is $60.38. The firm has a market cap of $19.83 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. Tyson Foods 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.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. Company insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

Large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC boosted its stake in shares of Tyson Foods by 56.1% during the third 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 last quarter. Brooklyn Investment Group lifted its holdings in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods during the 3rd quarter worth about $36,000. ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

About Tyson Foods

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.