Tyson Foods, Inc. (NYSE:TSN) Receives $60.80 Consensus Target Price from Analysts

Shares of Tyson Foods, Inc. (NYSE:TSN - Get Free Report) have been given an average rating of "Reduce" by the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $60.80.

TSN has been the subject of several research analyst reports. 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 report on Wednesday, November 13th. Bank of America lowered their price objective 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. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price for the company. Finally, Citigroup reduced their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th.

Tyson Foods Trading Up 0.6 %

Shares of Tyson Foods stock traded up $0.31 during midday trading on Thursday, reaching $56.07. 2,081,501 shares of the company's stock traded hands, compared to its average volume of 2,423,060. The company has a market cap of $19.95 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. The stock has a 50 day moving average of $60.28 and a 200-day 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 debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business's stock in a transaction that occurred 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 owns 19,260 shares of the company's stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last three months. 2.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of Tyson Foods by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 71,054 shares of the company's stock valued at $4,060,000 after acquiring an additional 3,106 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Tyson Foods by 6.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 59,404 shares of the company's stock worth $3,348,000 after purchasing an additional 3,410 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Tyson Foods by 222.5% in the second quarter. Federated Hermes Inc. now owns 3,283 shares of the company's stock worth $188,000 after purchasing an additional 2,265 shares during the last quarter. Parallel Advisors LLC grew its position in Tyson Foods by 5.5% in the 2nd quarter. Parallel Advisors LLC now owns 9,059 shares of the company's stock worth $518,000 after purchasing an additional 471 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock valued at $14,388,000 after buying an additional 44,167 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other 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.