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

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

A number of equities analysts have recently commented on TSN shares. Barclays boosted their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Piper Sandler increased their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets increased their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Finally, Stephens boosted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th.

Insider Buying and Selling

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tyson Foods

A number of large investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised 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 purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the third quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Tyson Foods by 301.6% during 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. Hantz Financial Services Inc. acquired a new position in Tyson Foods during the 2nd quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new position in Tyson Foods in the 3rd quarter valued at about $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN opened at $58.02 on Friday. The stock has a market cap of $20.65 billion, a PE ratio of 25.79, a P/E/G ratio of 0.91 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods has a twelve month low of $50.97 and a twelve month high of $66.88. The stock has a fifty day simple moving average of $61.14 and a 200-day simple moving average of $60.26.

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.