Tyson Foods, Inc. (NYSE:TSN) Sees Large Increase in Short Interest

Tyson Foods, Inc. (NYSE:TSN) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 5,370,000 shares, a growth of 22.0% from the October 31st total of 4,400,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

Several research firms recently commented on TSN. Stephens boosted their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. 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 report on Tuesday, October 15th. Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.67.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

Large 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 third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the second quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC bought a new position in Tyson Foods in the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

TSN stock traded down $0.17 on Monday, reaching $64.33. The company’s stock had a trading volume of 1,755,593 shares, compared to its average volume of 2,465,733. The company has a market capitalization of $22.89 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods has a 52 week low of $47.92 and a 52 week high of $66.88. The firm has a fifty day moving average of $60.41 and a two-hundred day moving average of $60.02.

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.