Citigroup Issues Pessimistic Forecast for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSN) had its target price lowered by research analysts at Citigroup from $63.00 to $61.00 in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 8.03% from the stock’s current price.

A number of other equities analysts have also weighed in on TSN. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.80.

Tyson Foods Trading Down 0.5 %

NYSE:TSN traded down $0.30 during mid-day trading on Friday, hitting $56.47. The company had a trading volume of 1,317,023 shares, compared to its average volume of 2,280,868. The business’s fifty day moving average is $58.96 and its two-hundred day moving average is $60.32. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The firm has a market cap of $20.09 billion, a P/E ratio of 25.10, a P/E/G ratio of 0.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insiders Place Their Bets

In other news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Noel W. White sold 171,057 shares of the business’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 transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % 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 in the last 90 days. Corporate insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds have recently bought and sold shares of TSN. Venturi Wealth Management LLC grew its stake in shares of Tyson Foods by 70.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,992 shares of the company’s stock worth $172,000 after acquiring an additional 1,235 shares during the period. CIBC Asset Management Inc boosted its position in Tyson Foods by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 43,545 shares of the company’s stock worth $2,501,000 after purchasing an additional 1,884 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Tyson Foods by 4.6% in the fourth quarter. Sanctuary Advisors LLC now owns 32,538 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,420 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Tyson Foods by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 382,226 shares of the company’s stock valued at $21,955,000 after purchasing an additional 13,483 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Tyson Foods by 25.3% during the 4th quarter. Principal Securities Inc. now owns 7,148 shares of the company’s stock valued at $411,000 after buying an additional 1,444 shares in the last quarter. 67.00% of the stock is currently owned by 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.