Tyson Foods, Inc. (NYSE:TSN) insider Noel W. White sold 24,575 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $80.96, for a total transaction of $1,989,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at $79.90 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month high of $84.65. The firm has a market cap of $29,350.00, a P/E ratio of 16.68 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. sell-side analysts expect that Tyson Foods, Inc. will post 5.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is presently 25.05%.
Several analysts have issued reports on TSN shares. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, November 15th. KeyCorp started coverage on shares of Tyson Foods in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price objective for the company. Jefferies Group set a $85.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Monday, October 30th. Morgan Stanley started coverage on shares of Tyson Foods in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of $75.25.
A number of hedge funds have recently modified their holdings of TSN. Sun Life Financial INC increased its holdings in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after buying an additional 2,100 shares during the period. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods during the third quarter valued at approximately $141,000. Archford Capital Strategies LLC increased its holdings in Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after buying an additional 3,574 shares during the period. Horan Capital Advisors LLC. purchased a new position in Tyson Foods during the third quarter valued at approximately $155,000. Finally, Cadence Bank NA purchased a new position in Tyson Foods during the third quarter valued at approximately $200,000. 71.33% of the stock is currently owned by institutional investors.
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About Tyson Foods
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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