John H. Tyson Sells 185,394 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the completion of the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tyson Foods Price Performance

TSN opened at $64.44 on Thursday. 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 stock has a market capitalization of $22.93 billion, a P/E ratio of 28.64, a P/E/G ratio of 0.96 and a beta of 0.78. The company’s 50-day simple moving average is $60.26 and its two-hundred day simple moving average is $59.96. Tyson Foods, Inc. has a 52-week low of $46.51 and a 52-week high of $66.88.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Stephens upped their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report 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 report on Tuesday, October 15th. Finally, Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Two 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $60.67.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC lifted its stake in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods during the 3rd quarter valued at about $36,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 period. 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 bought a new position in Tyson Foods during the 3rd quarter valued at about $59,000. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.