BMO Capital Markets Issues Positive Forecast for Tyson Foods (NYSE:TSN) Stock Price

Tyson Foods (NYSE:TSN) had its price objective hoisted by BMO Capital Markets from $60.00 to $62.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other analysts have also issued reports on TSN. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Stephens boosted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Performance

Shares of TSN opened at $64.32 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods has a one year low of $46.51 and a one year high of $66.88. The company’s fifty day moving average price is $60.04 and its 200 day moving average price is $59.75. The company has a market capitalization of $22.89 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares in the company, valued at $999,409.27. This trade represents a 58.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after purchasing an additional 87,054 shares during the last quarter. M&T Bank Corp grew its stake in Tyson Foods by 14.6% during the third quarter. M&T Bank Corp now owns 23,881 shares of the company’s stock worth $1,422,000 after buying an additional 3,049 shares during the last quarter. Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after buying an additional 446,648 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Tyson Foods by 8.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 93,014 shares of the company’s stock worth $5,540,000 after acquiring an additional 6,938 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Tyson Foods during the 3rd quarter worth approximately $1,036,000. 67.00% of the stock is owned by institutional investors.

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.