Insider Selling: Tyson Foods, Inc. (NYSE:TSN) General Counsel Sells 10,500 Shares of Stock

Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger sold 10,500 shares of the firm’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 completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tyson Foods Price Performance

TSN opened at $62.92 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $46.51 and a fifty-two week high of $66.88. The firm has a 50-day moving average of $60.01 and a 200 day moving average of $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. The firm has a market cap of $22.39 billion, a P/E ratio of 27.96, a PEG ratio of 0.97 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSN. Stephens raised their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report 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 lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Two investment 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’s stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TSN. Davis Selected Advisers purchased a new position in Tyson Foods in the second quarter valued at approximately $177,439,000. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares during the last quarter. State Street Corp grew its stake in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Tyson Foods in the 2nd quarter worth about $29,537,000. Finally, Barclays PLC raised its stake in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after acquiring an additional 446,648 shares during the period. 67.00% of the stock is owned by 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.