Tyson Foods (NYSE:TSN) Price Target Raised to $60.00 at Stephens

Tyson Foods (NYSE:TSN) had its price target raised by Stephens from $57.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Several other analysts have also weighed in on TSN. Citigroup lowered their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Barclays upped their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.32 on Wednesday. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The business’s 50 day simple moving average is $60.04 and its 200-day simple moving average is $59.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95.

Insider Transactions at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares in the last quarter. State Street Corp grew its stake in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares during the period. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares during the period. Finally, Davis Selected Advisers acquired a new position in shares of Tyson Foods during the 2nd quarter valued at $177,439,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.