Wes Morris Sells 22,783 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 22,783 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tyson Foods Price Performance

Shares of TSN traded up $0.71 during trading hours on Thursday, reaching $64.01. 3,439,109 shares of the stock traded hands, compared to its average volume of 2,460,367. The company has a current ratio of 2.04, a quick ratio of 0.95 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’s 50-day moving average price is $60.09 and its two-hundred day moving average price is $59.69. The company has a market cap of $22.78 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday. Stephens boosted their price objective 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. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Bank of America lowered their target price on shares of 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 issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.67.

Institutional Trading of Tyson Foods

Several hedge funds have recently bought and sold shares of TSN. Davis Selected Advisers purchased a new stake in Tyson Foods in the 2nd quarter worth $177,439,000. Pzena Investment Management LLC lifted its stake in Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Tyson Foods in the 2nd quarter worth $29,537,000. Van ECK Associates Corp lifted its stake in Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after purchasing an additional 398,404 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Tyson Foods by 138.7% in the 1st quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares in the last quarter. Hedge funds and other 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.