Adam S. Deckinger Sells 10,500 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tyson Foods Price Performance

TSN traded down $1.62 during trading on Tuesday, hitting $62.92. The company’s stock had a trading volume of 2,070,001 shares, compared to its average volume of 2,465,459. The firm’s 50 day moving average price is $60.01 and its two-hundred day moving average price is $59.77. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $46.51 and a 12 month high of $66.88. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSN shares. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, Piper Sandler upped their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $60.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $804,450,000 after acquiring an additional 128,274 shares during the last quarter. State Street Corp boosted its holdings 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 last quarter. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after acquiring an additional 54,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after acquiring an additional 87,054 shares during the last quarter. Finally, Davis Selected Advisers bought a new stake in Tyson Foods in the second quarter valued at approximately $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.