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

Tyson Foods, Inc. (NYSE:TSN) insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tyson Foods Stock Up 0.5 %

TSN stock opened at $64.32 on Friday. The company has a 50 day moving average of $60.07 and a two-hundred day moving average of $59.72. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.40 and a beta of 0.78. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

TSN has been the topic of a number of analyst reports. Barclays lifted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price target 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. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

Institutional Trading of Tyson Foods

Several hedge funds and other institutional investors have recently modified their holdings of TSN. Envestnet Portfolio Solutions Inc. raised its stake in shares of Tyson Foods by 16.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,690 shares of the company’s stock worth $510,000 after purchasing an additional 1,220 shares in the last quarter. Empowered Funds LLC lifted its stake in Tyson Foods by 145.2% in the first quarter. Empowered Funds LLC now owns 11,087 shares of the company’s stock valued at $651,000 after acquiring an additional 6,565 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock worth $606,000 after acquiring an additional 5,175 shares in the last quarter. Sei Investments Co. increased its stake in shares of Tyson Foods by 14.9% during the 1st quarter. Sei Investments Co. now owns 197,108 shares of the company’s stock worth $11,576,000 after purchasing an additional 25,527 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Tyson Foods by 32.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,053 shares of the company’s stock valued at $1,119,000 after purchasing an additional 4,679 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

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.