Tyson Foods, Inc. (NYSE:TSN) Insider Sells $1,622,926.80 in Stock

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 25,080 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. This represents a 70.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wes Morris also recently made the following trade(s):

• On Wednesday, November 13th, Wes Morris sold 22,783 shares of Tyson Foods stock. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93.

Tyson Foods Stock Performance

NYSE TSN traded down $1.62 during trading hours on Tuesday, hitting $62.92. 2,070,001 shares of the stock were exchanged, compared to its average volume of 2,465,459. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The stock has a 50-day moving average of $60.01 and a 200 day moving average of $59.77. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Institutional Trading of Tyson Foods

Hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC raised its position in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after acquiring an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the 3rd quarter valued at about $36,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in Tyson Foods during the second quarter worth about $54,000. Finally, Northwest Investment Counselors LLC purchased a new position in Tyson Foods in the third quarter valued at about $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Citigroup cut 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. Stephens increased their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. 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 stock. According to MarketBeat, Tyson Foods has an average 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.