Brokerages Set Tyson Foods, Inc. (NYSE:TSN) PT at $60.80

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) has been assigned a consensus rating of "Reduce" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $60.80.

A number of research analysts have recently weighed in on TSN shares. Bank of America dropped 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 note on Tuesday, October 15th. 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 report on Wednesday, November 13th. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. 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 report on Wednesday, November 13th. Finally, BMO Capital Markets increased their price target 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.

Insider Buying and Selling

In other news, insider Wes Morris sold 22,783 shares of the firm's 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 completion of the sale, the insider now owns 15,937 shares of the company's stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction 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 of the company's stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.03% of the company's stock.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its holdings in Tyson Foods by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock valued at $1,131,000 after buying an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Tyson Foods by 28.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,315 shares of the company's stock valued at $76,000 after acquiring an additional 288 shares during the last quarter. Liberty One Investment Management LLC raised its position in shares of Tyson Foods by 7.1% during the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock valued at $4,288,000 after acquiring an additional 4,922 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Tyson Foods during the fourth quarter worth $291,000. Finally, Kera Capital Partners Inc. acquired a new position in Tyson Foods in the fourth quarter worth $205,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded down $0.29 on Thursday, hitting $55.73. The company's stock had a trading volume of 1,907,392 shares, compared to its average volume of 1,929,467. The company has a market capitalization of $19.83 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. Tyson Foods has a 52-week low of $51.16 and a 52-week high of $66.88. The firm has a fifty day moving average price of $60.15 and a 200-day moving average price of $60.35. 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 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.