Tyson Foods, Inc. (NYSE:TSN) Director Noel W. White Sells 171,057 Shares

Tyson Foods, Inc. (NYSE:TSN) Director Noel W. White sold 171,057 shares of the firm’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 of the company’s stock, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $64.44 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The business’s 50 day moving average price is $60.26 and its 200-day moving average price is $59.96. The firm has a market capitalization of $22.93 billion, a PE ratio of 28.64, a P/E/G ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent research reports. Stephens lifted their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler raised 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. BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.67.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSN. O Shaughnessy Asset Management LLC boosted its stake in Tyson Foods by 127.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,287 shares of the company’s stock worth $839,000 after buying an additional 7,992 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Tyson Foods during the first quarter worth $1,571,000. Kennedy Capital Management LLC boosted its stake in Tyson Foods by 10.0% during the first quarter. Kennedy Capital Management LLC now owns 74,795 shares of the company’s stock worth $4,393,000 after buying an additional 6,808 shares during the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in Tyson Foods during the first quarter worth $464,000. Finally, Comerica Bank boosted its stake in Tyson Foods by 23.1% during the first quarter. Comerica Bank now owns 74,665 shares of the company’s stock worth $4,385,000 after buying an additional 14,033 shares during 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.