Tyson Foods (NYSE:TSN) Shares Break Above 200-Day Moving Average - Time to Sell?

Key Points

• Tyson Foods shares rose 5.4% and moved above their 200-day moving average of $59.53, reaching an intraday high of $60.34 before last trading at about $60.06.
• Analyst views remain mixed: five rate the stock Buy, six Hold and one Sell, for an overall Hold consensus and an average price target of $66.78. Several brokerages recently cut their price targets.
• In its latest reported quarter, Tyson met analysts’ estimate with earnings of $0.99 per share, while revenue of $13.87 billion came in below expectations and edged down year over year.

Tyson Foods, Inc. (NYSE:TSN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $59.53 and traded as high as $60.34. Tyson Foods shares last traded at $60.0560, with a volume of 5,580,629 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSN. Piper Sandler cut their price objective on Tyson Foods from $66.00 to $56.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. Barclays lowered their target price on shares of Tyson Foods from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, September 4th. HSBC dropped their price target on shares of Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Zacks Research lowered shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets lowered their price objective on shares of Tyson Foods from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $66.78.

Tyson Foods Stock Up 5.4%

The business has a 50 day moving average of $53.72 and a 200-day moving average of $59.53. The stock has a market cap of $21.13 billion, a PE ratio of 37.07, a P/E/G ratio of 0.95 and a beta of 0.38. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keybank National Association OH increased its position in shares of Tyson Foods by 9.1% during the 3rd quarter. Keybank National Association OH now owns 356,363 shares of the company's stock valued at $18,007,000 after purchasing an additional 29,777 shares during the period. Fulcrum Asset Management LLP lifted its holdings in shares of Tyson Foods by 24,027.8% in the third quarter. Fulcrum Asset Management LLP now owns 13,029 shares of the company's stock valued at $664,000 after buying an additional 12,975 shares during the period. StoneX Group Inc. bought a new position in Tyson Foods during the third quarter valued at about $221,000. Pictet Asset Management Holding SA boosted its stake in Tyson Foods by 1.5% during the third quarter. Pictet Asset Management Holding SA now owns 131,199 shares of the company's stock valued at $6,629,000 after buying an additional 1,989 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in Tyson Foods by 5.8% during the third quarter. Alps Advisors Inc. now owns 6,526 shares of the company's stock worth $330,000 after acquiring an additional 355 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Company Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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