Tyson Foods, Inc. (NYSE:TSN) Insider Wes Morris Sells 22,783 Shares

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 22,783 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 15,937 shares in the company, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Tyson Foods Price Performance

TSN traded up $0.16 during trading on Friday, reaching $64.17. The stock had a trading volume of 306,705 shares, compared to its average volume of 2,450,539. The stock has a market cap of $22.83 billion, a PE ratio of 28.47, a PEG ratio of 0.40 and a beta of 0.78. The business has a 50-day moving average of $60.07 and a 200-day moving average of $59.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88.

Analyst Ratings Changes

A number of research analysts recently issued reports on TSN shares. Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. 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 report on Tuesday, October 15th. Finally, Stephens lifted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.67.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods in the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Tyson Foods during the 2nd quarter valued at about $54,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at $59,000. 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.