UBS Group Initiates Coverage on Tyson Foods (NYSE:TSN)

Investment analysts at UBS Group started coverage on shares of Tyson Foods (NYSE:TSN) in a research report issued on Friday,Benzinga reports. The brokerage set a “neutral” rating and a $62.00 price target on the stock. UBS Group’s price target indicates a potential upside of 11.87% from the company’s current price.

Other analysts have also recently issued reports about 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 for the company in a research note on Tuesday, October 15th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens raised their price target on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets increased their price objective 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. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.80.

Tyson Foods Price Performance

Tyson Foods stock opened at $55.42 on Friday. The firm’s 50-day moving average is $60.56 and its two-hundred day moving average is $60.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a market capitalization of $19.72 billion, a P/E ratio of 24.63, a P/E/G ratio of 0.91 and a beta of 0.81. Tyson Foods has a 12-month low of $51.16 and a 12-month high of $66.88.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 over the last ninety days. Corporate insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the third quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the 3rd quarter worth $59,000. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.