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

Tyson Foods (NYSE:TSN - Get Free Report) was upgraded by equities research analysts at Piper Sandler from an "underweight" rating to a "neutral" rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $58.00 target price on the stock. Piper Sandler's price objective indicates a potential upside of 0.05% from the company's previous close.

A number of other research firms have also recently commented on TSN. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 13th. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective for the company. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Ten analysts have rated the stock with 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 a consensus target price of $61.10.

Tyson Foods Stock Up 1.0 %

Shares of NYSE TSN traded up $0.55 during mid-day trading on Tuesday, hitting $57.97. The company had a trading volume of 1,660,786 shares, compared to its average volume of 2,424,881. 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 firm has a 50-day simple moving average of $58.27 and a two-hundred day simple moving average of $60.24. The company has a market capitalization of $20.63 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. Tyson Foods has a one year low of $51.16 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the company earned $0.69 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods will post 3.52 EPS for the current year.

Insider Buying and Selling at Tyson Foods

In other news, 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 value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now owns 15,937 shares of the company's stock, valued at approximately $999,409.27. This represents a 58.84 % 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 valued at $26,450,955 in the last ninety days. 2.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSN. Sequoia Financial Advisors LLC grew its holdings in Tyson Foods by 35.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,150 shares of the company's stock worth $526,000 after acquiring an additional 2,389 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Tyson Foods by 1.7% in the fourth quarter. Moors & Cabot Inc. now owns 15,082 shares of the company's stock worth $866,000 after purchasing an additional 250 shares during the last quarter. AGF Management Ltd. acquired a new stake in Tyson Foods in the fourth quarter valued at $2,348,000. Markel Group Inc. lifted its holdings in Tyson Foods by 1.1% during the 4th quarter. Markel Group Inc. now owns 798,500 shares of the company's stock worth $45,866,000 after buying an additional 9,000 shares during the period. Finally, Independent Advisor Alliance grew its position in shares of Tyson Foods by 46.4% in the 4th quarter. Independent Advisor Alliance now owns 8,896 shares of the company's stock valued at $511,000 after buying an additional 2,821 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.