Noel W. White Sells 171,057 Shares of Tyson Foods, Inc. (NYSE:TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) Director Noel W. White sold 171,057 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Tyson Foods Stock Down 0.3 %

Shares of Tyson Foods stock traded down $0.16 during trading on Monday, hitting $63.61. 924,182 shares of the stock were exchanged, compared to its average volume of 2,468,029. Tyson Foods, Inc. has a 12-month low of $46.51 and a 12-month high of $66.88. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. 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 firm’s 50-day moving average price is $60.13 and its 200 day moving average price is $59.87.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. Piper Sandler upped their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Stephens upped their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $60.67.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently made changes to their positions in TSN. Tidal Investments LLC raised its position in shares of Tyson Foods by 37.5% in the third quarter. Tidal Investments LLC now owns 47,059 shares of the company’s stock valued at $2,803,000 after buying an additional 12,830 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Tyson Foods in the 3rd quarter worth about $270,000. Sanctuary Advisors LLC grew its holdings in Tyson Foods by 47.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,118 shares of the company’s stock valued at $1,984,000 after buying an additional 9,947 shares during the period. Virtu Financial LLC purchased a new position in shares of Tyson Foods during the 3rd quarter worth about $1,241,000. Finally, Asset Allocation Strategies LLC raised its stake in Tyson Foods by 9.7% during the third quarter. Asset Allocation Strategies LLC now owns 4,683 shares of the company’s stock worth $279,000 after purchasing an additional 415 shares during the period. 67.00% of the stock is 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.