Tyson Foods (NYSE:TSN) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of Tyson Foods (NYSE:TSN) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a neutral rating and a $62.00 price target on the stock.

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

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $54.27 on Friday. The company’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $60.37. The firm has a market capitalization of $19.31 billion, a P/E ratio of 24.12, a P/E/G ratio of 0.91 and a beta of 0.81. 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 fifty-two week low of $51.16 and a fifty-two week high of $66.88.

Insider Activity at Tyson Foods

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Wes Morris sold 22,783 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 over the last quarter. Company insiders own 2.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TSN. State Street Corp grew its stake in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Tyson Foods in the 2nd quarter valued at $29,537,000. Barclays PLC raised its holdings in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after buying an additional 446,648 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Tyson Foods by 149.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock valued at $25,124,000 after buying an additional 252,635 shares during the last quarter. Institutional investors and hedge funds 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.