Tyson Foods, Inc. (NYSE:TSN) Chairman Sells $11,822,575.38 in Stock

Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson sold 185,394 shares of the stock in a transaction dated 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 owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Tyson Foods Price Performance

Shares of TSN stock traded down $0.16 during trading hours on Monday, hitting $63.61. The stock had a trading volume of 924,182 shares, compared to its average volume of 2,468,029. The stock’s 50-day moving average price is $60.13 and its two-hundred day moving average price is $59.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 0.96 and a beta of 0.78. Tyson Foods, Inc. has a one year low of $46.51 and a one year high of $66.88.

Institutional Trading of Tyson Foods

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Stephens raised their price objective 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. Finally, BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.