Tyson Foods, Inc. (NYSE:TSN) Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Tyson Foods, Inc. (TSN) opened at $76.13 on Wednesday. Tyson Foods, Inc. has a 52-week low of $57.20 and a 52-week high of $84.65. The stock has a market cap of $27,970.00, a PE ratio of 15.41, a PEG ratio of 1.03 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business earned $1.59 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. sell-side analysts forecast that Tyson Foods, Inc. will post 6.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Tyson Foods’s dividend payout ratio (DPR) is 24.29%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its position in shares of Tyson Foods by 10.0% in the third quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock valued at $218,942,000 after purchasing an additional 283,327 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Tyson Foods by 2,014.3% in the third quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock valued at $22,511,000 after purchasing an additional 304,421 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Tyson Foods by 130.5% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock valued at $15,849,000 after purchasing an additional 136,695 shares during the period. TIAA FSB acquired a new stake in shares of Tyson Foods in the third quarter valued at about $3,813,000. Finally, Ameriprise Financial Inc. grew its position in shares of Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after purchasing an additional 980,069 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.
Several brokerages recently issued reports on TSN. Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Monday, October 30th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Wednesday, November 15th. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Mizuho set a $92.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.31.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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