Tyson Foods, Inc. (NYSE:TSN) Short Interest Up 22.0% in November

Tyson Foods, Inc. (NYSE:TSN) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 5,370,000 shares, a growth of 22.0% from the October 31st total of 4,400,000 shares. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSN. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. 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 report on Wednesday, November 13th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Bank of America lowered 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 note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

TSN traded down $0.69 during midday trading on Monday, reaching $63.81. The company had a trading volume of 93,771 shares, compared to its average volume of 2,458,356. 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 $22.71 billion, a PE ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78. Tyson Foods has a 12-month low of $47.92 and a 12-month high of $66.88. The business has a 50-day moving average price of $60.41 and a two-hundred day moving average price of $60.02.

Insider Transactions at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred on 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 owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in Tyson Foods by 146.3% in the 3rd quarter. Franklin Resources Inc. now owns 79,506 shares of the company’s stock worth $4,758,000 after buying an additional 47,232 shares during the period. Synovus Financial Corp boosted its holdings in Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company’s stock worth $374,000 after buying an additional 720 shares during the period. Tidal Investments LLC boosted its holdings in Tyson Foods by 37.5% in the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company’s stock worth $2,803,000 after buying an additional 12,830 shares during the period. Arvest Bank Trust Division purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $270,000. Finally, Sanctuary Advisors LLC lifted its stake in Tyson Foods by 47.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,118 shares of the company’s stock worth $1,984,000 after purchasing an additional 9,947 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

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.