Insider Selling: Tyson Foods, Inc. (NYSE:TSN) Chairman Sells 185,394 Shares of Stock

Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tyson Foods Stock Up 0.0 %

TSN opened at $63.79 on Tuesday. The company has a fifty day moving average price of $60.17 and a 200-day moving average price of $59.90. The firm has a market capitalization of $22.70 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSN shares. BMO Capital Markets raised 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. 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. Barclays lifted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after acquiring an additional 189 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after acquiring an additional 189 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 13.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after acquiring an additional 198 shares during the last quarter. 67.00% of the stock is currently 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.