Tyson Foods (NYSE:TSN) Upgraded to Hold at Hsbc Global Res

Tyson Foods (NYSE:TSN) was upgraded by investment analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on TSN. Bank of America cut their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays cut their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday. Finally, Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Down 1.2 %

NYSE TSN opened at $57.03 on Monday. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.85 and a beta of 0.80. The firm’s 50 day moving average price is $58.70 and its two-hundred day moving average price is $60.30.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Equities analysts anticipate that Tyson Foods will post 3.52 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 over the last ninety days. Company insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC boosted 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 buying an additional 210 shares during the period. Brooklyn Investment Group boosted its holdings in shares of 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 during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods during the 3rd quarter worth about $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods during the 4th quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Tyson Foods by 301.6% in 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 in the last quarter. Institutional investors 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.