Tyson Foods (NYSE:TSN – Get Free Report) had its target price cut by research analysts at Barclays from $76.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 33.67% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective 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. UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $60.70.
View Our Latest Research Report on Tyson Foods
Tyson Foods Trading Up 0.7 %
Insider Buying and Selling at Tyson Foods
In other news, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. This trade represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock valued at $26,450,955 in the last three months. Corporate insiders own 2.03% of the company’s stock.
Hedge Funds Weigh In On Tyson Foods
Several institutional investors have recently modified their holdings of TSN. Catalyst Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 210 shares in the last quarter. Brooklyn Investment Group increased its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Tyson Foods during the 3rd quarter valued at about $36,000. ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter worth approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 acquiring an additional 561 shares in the last quarter. Institutional investors 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.
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