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

Tyson Foods (NYSE:TSN) had its target price reduced by Barclays from $76.00 to $75.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on TSN. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Piper Sandler lifted their price target 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. Finally, Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.70.

Tyson Foods Price Performance

TSN opened at $56.08 on Tuesday. The company has a fifty day moving average price of $59.81 and a two-hundred day moving average price of $60.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods has a 52 week low of $51.16 and a 52 week high of $66.88. The firm has a market capitalization of $19.96 billion, a PE ratio of 24.93, a P/E/G ratio of 0.85 and a beta of 0.81.

Insider Activity at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction dated 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 $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the chairman now directly owns 3,003,374 shares in the company, valued at $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. In the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% during the 4th 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. Catalyst Capital Advisors LLC increased its stake 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 during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the 3rd quarter worth about $36,000. ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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.