Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger Sells 10,500 Shares

Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyson Foods Price Performance

Shares of TSN opened at $62.92 on Wednesday. The firm has a market cap of $22.39 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The business’s 50 day moving average price is $60.01 and its two-hundred day moving average price is $59.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSN. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Stephens lifted 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. Bank of America decreased their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $60.67.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods during the 3rd quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. bought a new stake in Tyson Foods in the 2nd quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.