Tyson Foods, Inc. (NYSE:TSN) insider Douglas Wayne Ramsey sold 21,166 shares of Tyson Foods stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $81.79, for a total transaction of $1,731,167.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE TSN traded up $0.40 during mid-day trading on Thursday, reaching $82.64. 29,262 shares of the company were exchanged, compared to its average volume of 2,782,674. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $82.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. The company has a market capitalization of $29.04 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.49 and a beta of 0.51.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the firm posted $1.27 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Tyson Foods, Inc. will post 5.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, August 29th. Tyson Foods’s dividend payout ratio is currently 24.35%.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, April 9th. Mizuho restated a “buy” rating and set a $82.00 price target on shares of Tyson Foods in a research report on Friday, February 8th. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Sunday, February 17th. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday. Finally, ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.94.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Castle Rock Wealth Management LLC bought a new stake in shares of Tyson Foods during the 1st quarter worth $13,886,000. Zions Bancorporation N.A. bought a new stake in Tyson Foods in the first quarter worth $25,000. Moody National Bank Trust Division bought a new stake in Tyson Foods in the first quarter worth $31,000. Global Retirement Partners LLC lifted its stake in Tyson Foods by 100.0% in the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the last quarter. Finally, Harvest Group Wealth Management LLC bought a new stake in Tyson Foods in the first quarter worth $37,000. 71.36% of the stock is owned by institutional investors.
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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 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.
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