Tyson Foods, Inc. (NYSE:TSN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.43 and last traded at $91.19, with a volume of 156069 shares. The stock had previously closed at $89.79.
Several research analysts have weighed in on TSN shares. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, May 14th. Piper Jaffray Companies upped their price target on Tyson Foods from $72.00 to $84.00 and gave the stock a “positive” rating in a research note on Monday, May 6th. Mizuho upped their price target on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Pivotal Research restated a “sell” rating and issued a $50.00 price target on shares of Tyson Foods in a research note on Monday, August 5th. Finally, Barclays upped their price target on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average target price of $82.86.
The company has a market capitalization of $31.90 billion, a P/E ratio of 14.79 and a beta of 0.50. The business has a 50-day moving average of $83.38 and a 200-day moving average of $74.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59.
In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in TSN. Geode Capital Management LLC increased its position in shares of Tyson Foods by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after buying an additional 278,988 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Tyson Foods by 26.8% in the first quarter. Gulf International Bank UK Ltd now owns 5,591 shares of the company’s stock valued at $388,000 after buying an additional 1,180 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $265,000. Advisor Partners LLC increased its position in shares of Tyson Foods by 83.5% in the first quarter. Advisor Partners LLC now owns 10,517 shares of the company’s stock valued at $730,000 after buying an additional 4,786 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $1,925,000. Institutional investors and hedge funds own 68.95% of the company’s stock.
About Tyson Foods (NYSE:TSN)
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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
Featured Article: Coverage Ratio
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.