Barclays Has Lowered Expectations for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSN) had its price target dropped by analysts at Barclays from $76.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 33.67% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Bank of America dropped their price target 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. Citigroup cut their price target 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. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $60.70.

Tyson Foods Stock Performance

TSN opened at $56.11 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $19.97 billion, a PE ratio of 24.94, a P/E/G ratio of 0.83 and a beta of 0.81. The business has a fifty day simple moving average of $60.09 and a 200-day simple moving average of $60.37. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88.

Insider Transactions at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 25,080 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. This trade represents a 5.81 % 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 in the last three months. Corporate insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TSN. Catalyst Capital Advisors LLC grew its holdings in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. 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 buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the 3rd quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in Tyson Foods in the 4th quarter valued at $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after buying an additional 561 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.