Tyson Foods, Inc. (TSN) Insider Sells $1,731,167.14 in Stock

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.

ILLEGAL ACTIVITY NOTICE: “Tyson Foods, Inc. (TSN) Insider Sells $1,731,167.14 in Stock” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.thestockobserver.com/2019/05/16/tyson-foods-inc-tsn-insider-sells-1731167-14-in-stock.html.

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.

Recommended Story: Balance Sheet

Insider Buying and Selling by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.