Insider Selling: Tyson Foods, Inc. (NYSE:TSN) General Counsel Sells $680,400.00 in Stock

Tyson Foods, Inc. (NYSE:TSN) General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tyson Foods Stock Up 0.8 %

Shares of NYSE:TSN opened at $63.77 on Friday. 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 company has a market cap of $22.69 billion, a PE ratio of 28.34, a P/E/G ratio of 0.95 and a beta of 0.78. The stock’s 50-day moving average is $60.08 and its 200 day moving average is $59.82. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSN shares. Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC increased its position in shares of Tyson Foods by 56.1% during 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 period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the 3rd quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 acquiring an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $59,000. 67.00% of the stock is owned by hedge funds and other 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.