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

Tyson Foods, Inc. (NYSE:TSN) has earned a consensus recommendation of “Reduce” from the ten research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $60.80.

A number of equities research analysts have issued reports on TSN shares. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Stephens raised their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th.

Insiders Place Their Bets

In related news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction dated 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 in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSN. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after acquiring an additional 352,863 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after purchasing an additional 114,179 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Tyson Foods in the 4th quarter valued at about $775,000. Y Intercept Hong Kong Ltd purchased a new stake in Tyson Foods during the third quarter valued at approximately $1,036,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Tyson Foods by 4.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after purchasing an additional 18,317 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.5 %

Tyson Foods stock opened at $55.75 on Thursday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $60.35 and a 200-day moving average price of $60.40. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88. The company has a market capitalization of $19.84 billion, a P/E ratio of 24.78, a P/E/G ratio of 0.91 and a beta of 0.81.

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.