Tyson Foods (NYSE:TSN – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
TSN has been the topic of a number of other research reports. The Goldman Sachs Group lowered their target price on Tyson Foods from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. Bank of America lowered their price target on Tyson Foods from $56.00 to $48.00 in a research report on Tuesday, May 9th. Piper Sandler lowered their price target on Tyson Foods from $62.00 to $49.00 in a research report on Tuesday, May 9th. Barclays reduced their price objective on Tyson Foods from $52.00 to $50.00 in a report on Thursday, June 1st. Finally, BMO Capital Markets reduced their price objective on Tyson Foods from $66.00 to $48.00 in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $59.89.
Tyson Foods Stock Performance
TSN stock opened at $50.64 on Tuesday. The business’s 50-day moving average price is $55.49 and its two-hundred day moving average price is $59.70. The company has a current ratio of 1.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40. The firm has a market cap of $18.01 billion, a PE ratio of 12.14 and a beta of 0.76. Tyson Foods has a 1-year low of $47.11 and a 1-year high of $88.76.
Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings results on Monday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.84). Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. The firm had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.62 billion. During the same period in the prior year, the business earned $2.29 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts forecast that Tyson Foods will post 1.48 earnings per share for the current year.
Insider Activity at Tyson Foods
In related news, insider Brady J. Stewart purchased 2,040 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $99,735.60. Following the completion of the purchase, the insider now owns 57,478 shares in the company, valued at approximately $2,810,099.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tyson Foods news, insider Brady J. Stewart bought 2,040 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was purchased at an average cost of $48.89 per share, for a total transaction of $99,735.60. Following the completion of the purchase, the insider now directly owns 57,478 shares of the company’s stock, valued at $2,810,099.42. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Donnie King bought 10,350 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were acquired at an average price of $48.35 per share, with a total value of $500,422.50. Following the completion of the purchase, the chief executive officer now directly owns 195,478 shares of the company’s stock, valued at $9,451,361.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 37,890 shares of company stock worth $1,849,118. Company insiders own 1.96% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 0.4% during the third quarter. Vanguard Group Inc. now owns 37,952,675 shares of the company’s stock worth $2,502,220,000 after buying an additional 138,254 shares in the last quarter. State Street Corp increased its holdings in shares of Tyson Foods by 1.8% during the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock worth $1,304,785,000 after buying an additional 264,159 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tyson Foods by 97.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock worth $561,869,000 after buying an additional 4,669,457 shares in the last quarter. FMR LLC increased its holdings in Tyson Foods by 26.9% in the first quarter. FMR LLC now owns 7,059,348 shares of the company’s stock valued at $418,761,000 after purchasing an additional 1,496,505 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Tyson Foods by 22.4% in the first quarter. Victory Capital Management Inc. now owns 6,918,082 shares of the company’s stock valued at $410,381,000 after purchasing an additional 1,264,850 shares during the period. 66.64% of the stock is currently owned by institutional investors and hedge funds.
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 live market 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.