Tyson Foods (NYSE:TSN) Upgraded to “Hold” at HSBC

Tyson Foods (NYSE:TSN) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a research note issued on Monday,Briefing.com Automated Import reports.

TSN has been the subject of a number of other reports. Bank of America lowered their price objective 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. Piper Sandler increased their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Stephens boosted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. BMO Capital Markets increased their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Finally, Citigroup reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.80.

Tyson Foods Trading Up 2.3 %

TSN stock traded up $1.31 during mid-day trading on Monday, reaching $57.80. The company had a trading volume of 4,899,288 shares, compared to its average volume of 2,437,897. The firm has a 50 day moving average of $58.82 and a 200 day moving average of $60.32. 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 has a 12 month low of $51.16 and a 12 month high of $66.88. The company has a market capitalization of $20.57 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81.

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

Insider Activity

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last quarter. Corporate insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

Hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC boosted its holdings in Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after buying an additional 184 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares during the period. Finally, Naples Global Advisors LLC grew its position in Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds 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.