Tyson Foods, Inc. (NYSE:TSN) Chairman Sells $11,822,575.38 in Stock

Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred 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 sale, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tyson Foods Trading Down 0.3 %

Shares of NYSE:TSN traded down $0.16 during mid-day trading on Monday, reaching $63.61. 924,182 shares of the company were exchanged, compared to its average volume of 2,468,029. The firm’s 50-day simple moving average is $60.13 and its 200 day simple moving average is $59.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 0.96 and a beta of 0.78.

Institutional Trading of Tyson Foods

Several institutional investors have recently made changes to their positions in TSN. Catalyst Capital Advisors LLC increased its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the third quarter worth $36,000. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $44,000 after buying an additional 561 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $54,000. Finally, Northwest Investment Counselors LLC bought a new position in Tyson Foods during the 3rd quarter worth $59,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TSN. Piper Sandler increased their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Bank of America reduced their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.67.

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.