Tyson Foods, Inc. (NYSE:TSN) Receives Average Recommendation of “Reduce” from Analysts

Tyson Foods, Inc. (NYSE:TSN) has earned a consensus rating of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $60.67.

Several analysts recently issued reports on TSN shares. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Stephens upped 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, November 13th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Bank of America lowered 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 note on Tuesday, October 15th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

Insider Buying and Selling

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the 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 completion of the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction on Wednesday, November 13th. The shares were 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 directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last ninety days. 2.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC grew its stake in shares of Tyson Foods by 10.0% in the 1st quarter. Kennedy Capital Management LLC now owns 74,795 shares of the company’s stock valued at $4,393,000 after purchasing an additional 6,808 shares during the last quarter. Comerica Bank increased its stake in Tyson Foods by 23.1% in the 1st quarter. Comerica Bank now owns 74,665 shares of the company’s stock valued at $4,385,000 after buying an additional 14,033 shares during the period. iA Global Asset Management Inc. raised its position in Tyson Foods by 15.8% during the 1st quarter. iA Global Asset Management Inc. now owns 24,635 shares of the company’s stock worth $1,447,000 after buying an additional 3,354 shares during the last quarter. Swedbank AB acquired a new stake in shares of Tyson Foods in the 1st quarter worth $8,255,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Tyson Foods by 639.4% in the first quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock valued at $5,451,000 after acquiring an additional 80,262 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.0 %

Shares of Tyson Foods stock opened at $63.81 on Wednesday. The stock has a 50 day moving average of $60.21 and a 200 day moving average of $59.93. 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 firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 0.96 and a beta of 0.78. Tyson Foods has a fifty-two week low of $46.51 and a fifty-two week high of $66.88.

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.