Tyson Foods, Inc. (NYSE:TSN) Receives $60.67 Average Price Target from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned a consensus rating of “Reduce” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $60.67.

A number of brokerages have issued reports on TSN. Piper Sandler lifted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Bank of America cut 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 report on Tuesday, October 15th. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th.

Tyson Foods Price Performance

Shares of TSN stock opened at $58.08 on Friday. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88. 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 business’s fifty day moving average is $60.96 and its 200 day moving average is $60.28. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.91 and a beta of 0.79.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last three months. Insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TSN. Mizuho Securities USA LLC boosted its holdings in shares of Tyson Foods by 517.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after buying an additional 114,179 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Tyson Foods during the third quarter valued at approximately $1,036,000. The Manufacturers Life Insurance Company boosted its stake in Tyson Foods by 4.1% in the third quarter. The Manufacturers Life Insurance Company now owns 466,588 shares of the company’s stock valued at $27,790,000 after acquiring an additional 18,317 shares in the last quarter. Primecap Management Co. CA grew its holdings in Tyson Foods by 28.7% in the third quarter. Primecap Management Co. CA now owns 433,700 shares of the company’s stock worth $25,831,000 after purchasing an additional 96,600 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Tyson Foods by 9.3% during the third quarter. Citigroup Inc. now owns 310,210 shares of the company’s stock worth $18,476,000 after purchasing an additional 26,352 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

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.