Tyson Foods (NYSE:TSN) Upgraded at Hsbc Global Res

Tyson Foods (NYSE:TSN) was upgraded by stock analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also weighed in on TSN. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

NYSE:TSN opened at $57.03 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $20.29 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.85 and a beta of 0.80. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The firm’s 50 day moving average is $58.70 and its two-hundred day moving average is $60.30.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Analysts expect that Tyson Foods will post 3.52 EPS for the current year.

Insider Transactions at Tyson Foods

In related news, 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 sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This represents a 5.81 % 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 valued at $26,450,955 in the last quarter. Insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after acquiring an additional 352,863 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock valued at $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Tyson Foods in the fourth quarter valued at approximately $775,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Tyson Foods in the third quarter valued at approximately $1,036,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.