Tyson Foods (NYSE:TSN) Price Target Cut to $75.00 by Analysts at Barclays

Tyson Foods (NYSE:TSN) had its target price lowered by Barclays from $76.00 to $75.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

TSN has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Stephens boosted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.70.

Tyson Foods Trading Up 1.3 %

Shares of Tyson Foods stock opened at $56.44 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $60.09 and a 200 day simple moving average of $60.37. Tyson Foods has a 12-month low of $51.16 and a 12-month high of $66.88. The company has a market capitalization of $20.09 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81.

Insider Buying and Selling

In related news, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the sale, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This represents a 70.24 % decrease in their position. 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 stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently added to or reduced their stakes in TSN. Brooklyn Investment Group boosted its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in 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 purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the 3rd quarter worth approximately $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods in the 4th quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $44,000 after buying an additional 561 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

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.