Tyson Foods (NYSE:TSN) Raised to Neutral at Piper Sandler

Tyson Foods (NYSE:TSN) was upgraded by analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a $58.00 target price on the stock. Piper Sandler’s price target would suggest a potential upside of 1.62% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Stephens lifted their price objective 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. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday. Bank of America dropped their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Up 0.1 %

Shares of TSN stock opened at $57.07 on Tuesday. The stock has a market cap of $20.31 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The firm’s 50 day moving average price is $58.56 and its two-hundred day moving average price is $60.28.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts anticipate that Tyson Foods will post 3.52 EPS for the current year.

Insiders Place Their Bets

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last 90 days. 2.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% during the fourth 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 period. Catalyst Capital Advisors LLC boosted its holdings 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 period. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the third quarter valued at $36,000. SRS Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in Tyson Foods in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.