Tyson Foods Inc. (TSN) Becoming More Attractive for Investors


In a filing, Tyson Foods Inc. revealed its Director MCNAMARA KEVIN M acquired Company’s shares for reported $1.0 million on May 12. In the deal valued at $48.92 per share,20,500 shares were bought. As a result of this transaction, MCNAMARA KEVIN M now holds 115,670 shares worth roughly $ 6.25 million.

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Then, Soderstrom Johanna bought 5,000 shares, generating $246,108 in total proceeds. Upon buying the shares at $49.22, the EVP & Chief People Officer now owns 32,847 shares.

Before that, King Donnie bought 10,350 shares. Tyson Foods Inc. shares valued at $500,422 were divested by the President&CEO at a price of $48.35 per share. As a result of the transaction, King Donnie now holds 195,478 shares, worth roughly $10.56 million.

Goldman reiterated its Tyson Foods Inc. [TSN] rating to a Neutral in a research note published on Friday, April 20, 2023; the price target was $64. PT values the company’s stock at a premium of 15.61 to its Friday closing price.

Price Performance Review of TSN

On Friday, Tyson Foods Inc. [NYSE:TSN] saw its stock fall -0.31% to $54.01. On the same session, the stock had its day’s lowest price of $53.90, but rose to a high of $54.56. Over the last five days, the stock has lost -1.13%. Tyson Foods Inc. shares have fallen nearly -13.24% since the year began. Nevertheless, the stocks have fallen -32.09% over the past one year. While a 52-week high of $80.69 was reached on 01/24/23, a 52-week low of $47.11 was recorded on 05/10/23. SMA at 50 days reached $52.95, while 200 days put it at $58.28. A total of 1.85 million shares were traded, compared to the trading of 2.11 million shares in the previous session.

Levels Of Support And Resistance For TSN Stock

The 24-hour chart illustrates a support level at 53.75, which if violated will result in even more drops to 53.50. On the upside, there is a resistance level at 54.41. A further resistance level may holdings at 54.82. The Relative Strength Index (RSI) on the 14-day chart is 50.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.71%. Stochastics %K at 56.04% indicates the stock is a holding.

How much short interest is there in Tyson Foods Inc.?

A steep rise in short interest was recorded in Tyson Foods Inc. stocks on Aug 14, 2023, dropping by -0.19 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.31 million shares. There was a decline of -3.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.52.

Tyson Foods Inc. [TSN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 36,708,478 shares, or roughly 12.85% of the outstanding TSN shares. In other words, the investor’s shares have fallen by -72,571 from its previous 13-F filing of 36781049.0. Additionally, BlackRock Fund Advisors decreased -5.30% of its stake after which the total value it holdings stand at $805,477,065, while SSgA Funds Management, Inc. reduced -1.51% of its stake to hold $751.83 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 3,697,233 shares of Tyson Foods Inc., while Wellington Management Co. LLP bought 4,579,410 shares. At present, Charles Schwab Investment Managem is holding 6,374,926 shares valued at $355.21 million. Geode Capital Management LLC owned 6,079,028 shares of the company at the time of its most recent 13F filing, worth $338.72 million.

According to FactSet, Tyson Foods Inc.’s share price will average $56.29 in the next year, based on opinions of analysts polled by the firm. This is down nearly -1.26 percent from its previous closing price of $54.18. Analysts expect Tyson Foods Inc. stock to reach the higher price of $70.00, while the lowest price estimate is $48.00. However, 12 analysts have rated TSN stock as a Hold in their predictions for 2023.


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