Wes Morris Sells 25,080 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 25,080 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the sale, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This represents a 70.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Wes Morris also recently made the following trade(s):

• On Wednesday, November 13th, Wes Morris sold 22,783 shares of Tyson Foods stock. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93.

Tyson Foods Stock Down 2.5 %

NYSE:TSN traded down $1.62 during midday trading on Tuesday, reaching $62.92. The company had a trading volume of 2,070,001 shares, compared to its average volume of 2,465,459. The stock’s fifty day simple moving average is $60.01 and its 200-day simple moving average is $59.77. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 0.97 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Davis Selected Advisers acquired a new stake in shares of Tyson Foods in the 2nd quarter valued at $177,439,000. Pzena Investment Management LLC raised its stake in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares in the last quarter. State Street Corp lifted its holdings in Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $29,537,000. Finally, Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after acquiring an additional 446,648 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSN. Piper Sandler boosted 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. Bank of America reduced 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 raised 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. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

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.