Tyson Foods (NYSE:TSN) Now Covered by UBS Group

Analysts at UBS Group initiated coverage on shares of Tyson Foods (NYSE:TSN) in a research report issued on Friday,Benzinga reports. The brokerage set a “neutral” rating and a $62.00 price target on the stock. UBS Group’s target price indicates a potential upside of 11.87% from the stock’s previous close.

A number of other equities analysts also recently commented on TSN. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stephens raised their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, 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 report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.80.

Tyson Foods Price Performance

NYSE:TSN opened at $55.42 on Friday. Tyson Foods has a one year low of $51.16 and a one year high of $66.88. The stock has a market cap of $19.72 billion, a PE ratio of 24.63, a P/E/G ratio of 0.91 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. The stock has a 50 day moving average price of $60.56 and a 200 day moving average price of $60.40.

Insiders Place Their Bets

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction 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 transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction 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 $999,409.27. This trade represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Tyson Foods by 37.9% in the second quarter. Private Advisor Group LLC now owns 15,180 shares of the company’s stock valued at $867,000 after buying an additional 4,169 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Tyson Foods by 10.4% in the second quarter. Savant Capital LLC now owns 11,410 shares of the company’s stock valued at $652,000 after purchasing an additional 1,075 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Tyson Foods by 47.7% in the second quarter. Wedbush Securities Inc. now owns 6,852 shares of the company’s stock valued at $392,000 after purchasing an additional 2,213 shares in the last quarter. Choreo LLC increased its stake in shares of Tyson Foods by 60.2% during the 2nd quarter. Choreo LLC now owns 18,861 shares of the company’s stock worth $1,082,000 after purchasing an additional 7,090 shares in the last quarter. Finally, Andra AP fonden acquired a new position in shares of Tyson Foods during the 2nd quarter worth approximately $2,046,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

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.