Tyson Foods, Inc. (NYSE:TSN) Director Sells $10,896,330.90 in Stock

Tyson Foods, Inc. (NYSE:TSN) Director Noel W. White sold 171,057 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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. This represents a 82.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Tyson Foods Stock Performance

Shares of TSN stock opened at $63.81 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The business’s 50 day moving average is $60.21 and its two-hundred day moving average is $59.93. The company has a market capitalization of $22.71 billion, a P/E ratio of 28.36, a P/E/G ratio of 0.96 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the third quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods in the second quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens raised 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. Finally, Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.67.

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.