Short Interest in Tyson Foods, Inc. (NYSE:TSN) Expands By 22.0%

Tyson Foods, Inc. (NYSE:TSN) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 5,370,000 shares, a growth of 22.0% from the October 31st total of 4,400,000 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is presently 2.4 days.

Insider Activity

In related news, insider Wes Morris sold 25,080 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last 90 days. 2.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TSN shares. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their target price 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. Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Down 0.3 %

Shares of TSN stock traded down $0.22 on Monday, hitting $64.28. The company’s stock had a trading volume of 579,425 shares, compared to its average volume of 2,460,490. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods has a fifty-two week low of $47.92 and a fifty-two week high of $66.88. The firm’s fifty day moving average price is $60.41 and its 200-day moving average price is $60.02. The stock has a market capitalization of $22.87 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78.

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.