Tyson Foods (NYSE:TSN) Now Covered by Analysts at UBS Group

UBS Group began coverage on shares of Tyson Foods (NYSE:TSN) in a report released on Friday morning, MarketBeat reports. The firm issued a neutral rating and a $62.00 target price on the stock.

A number of other research analysts have also issued reports on the stock. Bank of America lowered their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. BMO Capital Markets increased their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Stephens boosted their price target on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler increased their price objective on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.80.

Tyson Foods Price Performance

TSN opened at $54.27 on Friday. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 0.91 and a beta of 0.81. Tyson Foods has a 1 year low of $51.16 and a 1 year high of $66.88. The stock has a fifty day moving average price of $60.48 and a 200 day moving average price of $60.42.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the company’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 sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC raised its stake in 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. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods during the third quarter worth about $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $44,000 after purchasing an additional 561 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Tyson Foods during the 3rd quarter worth approximately $59,000. Institutional investors own 67.00% of the company’s stock.

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.