Tyson Foods, Inc. (NYSE:TSN) Insider Sells $1,428,721.93 in Stock

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN opened at $64.32 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $60.04 and a two-hundred day simple moving average of $59.75. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78.

Hedge Funds Weigh In On Tyson Foods

Several large investors have recently modified their holdings of TSN. Oppenheimer & Co. Inc. increased its stake in Tyson Foods by 100.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after purchasing an additional 5,175 shares in the last quarter. Cetera Advisors LLC raised its holdings in Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Tyson Foods by 21.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after acquiring an additional 44,167 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Tyson Foods during the 1st quarter valued at $527,000. Finally, Sei Investments Co. increased its holdings in shares of Tyson Foods by 14.9% in the 1st quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after purchasing an additional 25,527 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday. Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.