Tyson Foods (NYSE:TSN) Upgraded to Hold at Hsbc Global Res

Tyson Foods (NYSE:TSN) was upgraded by analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on TSN. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Tuesday. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America reduced their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $57.03 on Monday. The firm has a 50 day moving average of $58.70 and a 200-day moving average of $60.30. The stock has a market capitalization of $20.29 billion, a PE ratio of 25.34, a PEG ratio of 0.85 and a beta of 0.80. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12 month low of $51.16 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. On average, equities research analysts predict that Tyson Foods will post 3.52 EPS for the current fiscal year.

Insider Activity

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 value of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last quarter. Insiders own 2.03% of the company’s stock.

Institutional Trading of Tyson Foods

A number of large investors have recently added to or reduced their stakes in TSN. Crossmark Global Holdings Inc. boosted its stake in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC lifted its stake in Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after purchasing an additional 189 shares during the period. Finally, Naples Global Advisors LLC increased its position in Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after buying an additional 202 shares during the last quarter. Hedge funds and other 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.