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 the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the transaction, the insider now owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 transaction of $1,428,721.93.

Tyson Foods Stock Down 2.5 %

Shares of Tyson Foods stock opened at $62.92 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88. The company has a market capitalization of $22.39 billion, a P/E ratio of 27.96, a P/E/G ratio of 0.97 and a beta of 0.78. The company has a 50 day moving average of $60.01 and a 200 day moving average of $59.77.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSN. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler raised their target price on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Stephens lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.67.

Institutional Investors Weigh In On Tyson Foods

Several institutional investors have recently modified their holdings of TSN. Crossmark Global Holdings Inc. raised its stake in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after acquiring an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after acquiring an additional 189 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares in the last quarter. 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.