Adam S. Deckinger Sells 10,500 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tyson Foods Stock Performance

NYSE:TSN traded down $1.62 during mid-day trading on Tuesday, reaching $62.92. The stock had a trading volume of 2,070,001 shares, compared to its average volume of 2,465,459. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04. The business has a 50 day simple moving average of $60.01 and a 200 day simple moving average of $59.77. 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 hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in shares of Tyson Foods by 1,978.9% during the 1st quarter. Acadian Asset Management LLC now owns 11,912 shares of the company’s stock worth $698,000 after purchasing an additional 11,339 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Tyson Foods by 127.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,287 shares of the company’s stock worth $839,000 after buying an additional 7,992 shares during the last quarter. Seven Eight Capital LP purchased a new position in Tyson Foods in the first quarter valued at approximately $775,000. UniSuper Management Pty Ltd raised its position in Tyson Foods by 501.1% in the first quarter. UniSuper Management Pty Ltd now owns 20,396 shares of the company’s stock valued at $1,198,000 after purchasing an additional 17,003 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Tyson Foods by 138.7% during the first quarter. National Bank of Canada FI now owns 579,079 shares of the company’s stock worth $34,542,000 after purchasing an additional 336,487 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets lifted 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. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, Stephens increased their price objective on 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.