Tyson Foods, Inc. (NYSE:TSN) Given Consensus Recommendation of “Reduce” by Brokerages

Tyson Foods, Inc. (NYSE:TSN) has been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $60.67.

TSN has been the topic of several recent analyst reports. Barclays upped their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, Bank of America lowered their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th.

Insider Activity

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock valued at $26,450,955 over the last 90 days. Insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently bought and sold shares of TSN. Crossmark Global Holdings Inc. boosted its holdings in shares of Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares during the last quarter. Signaturefd LLC boosted its holdings in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 1.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock valued at $632,000 after acquiring an additional 189 shares during the period. PNC Financial Services Group Inc. increased its stake in Tyson Foods by 0.4% during the third 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 raised its holdings in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $63.81 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods has a one year low of $46.51 and a one year high of $66.88. The company has a market cap of $22.71 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The business has a fifty day moving average of $60.21 and a two-hundred day moving average of $59.93.

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.