Barclays Cuts Tyson Foods (NYSE:TSN) Price Target to $75.00

Tyson Foods (NYSE:TSN) had its target price trimmed by Barclays from $76.00 to $75.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also weighed in on TSN. Bank of America cut 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 report on Tuesday, October 15th. BMO Capital Markets boosted 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. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Piper Sandler boosted 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. Finally, Stephens upped their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Two research 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.70.

Tyson Foods Trading Up 0.9 %

Shares of NYSE:TSN opened at $56.08 on Tuesday. The stock has a market capitalization of $19.96 billion, a PE ratio of 24.93, a P/E/G ratio of 0.85 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods has a 1 year low of $51.16 and a 1 year high of $66.88. The firm has a fifty day moving average price of $59.81 and a 200 day moving average price of $60.34.

Insiders Place Their Bets

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred 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 owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is currently owned by insiders.

Institutional Trading of Tyson Foods

A number of hedge funds and other institutional investors have recently modified their holdings of TSN. State Street Corp increased its holdings in shares of 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 purchasing an additional 859,351 shares in the last quarter. Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 352,863 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Tyson Foods by 149.3% in 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 purchasing an additional 252,635 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Tyson Foods by 3,833.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock valued at $12,834,000 after purchasing an additional 210,000 shares in 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.