Tyson Foods, Inc. (NYSE:TSN) Insider Sells $1,622,926.80 in Stock

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction 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 approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Wes Morris also recently made the following trade(s):

• On Wednesday, November 13th, Wes Morris sold 22,783 shares of Tyson Foods stock. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93.

Tyson Foods Stock Up 0.8 %

Shares of TSN opened at $63.77 on Friday. 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, Inc. has a 52 week low of $46.51 and a 52 week high of $66.88. The stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 0.95 and a beta of 0.78. The stock has a fifty day moving average of $60.08 and a 200-day moving average of $59.82.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. Barclays raised their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. boosted 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. Piper Sandler increased their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Bank of America decreased 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. Finally, Citigroup reduced their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.67.

Hedge Funds Weigh In On Tyson Foods

Large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Tyson Foods in the 3rd quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Tyson Foods by 301.6% during 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 during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods during the second quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Tyson Foods in the third quarter worth $59,000. 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.