Tyson Foods (NYSE:TSN) Price Target Lowered to $75.00 at Barclays

Tyson Foods (NYSE:TSN) had its price target decreased by Barclays from $76.00 to $75.00 in a report released on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Bank of America lowered their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.70.

Tyson Foods Stock Up 1.3 %

Shares of NYSE TSN opened at $56.44 on Tuesday. The stock has a market capitalization of $20.09 billion, a P/E ratio of 25.09, a PEG ratio of 0.83 and a beta of 0.81. Tyson Foods has a one year low of $51.16 and a one year high of $66.88. The firm’s 50 day simple moving average is $60.09 and its two-hundred day simple moving average is $60.37. 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 Buying and Selling

In other news, insider Wes Morris sold 25,080 shares of the stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 over the last quarter. 2.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares during the period. Brooklyn Investment Group boosted its stake in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods in the third quarter worth about $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the fourth quarter valued at approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

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.