Tyson Foods, Inc. (TSN) Director Kevin M. Mcnamara Acquires 350 Shares
Tyson Foods, Inc. (NYSE:TSN) Director Kevin M. Mcnamara purchased 350 shares of the company’s stock in a transaction on Monday, February 13th. The stock was purchased at an average price of $65.27 per share, with a total value of $22,844.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded down 0.66% during midday trading on Thursday, hitting $64.90. 3,814,992 shares of the stock traded hands. The company’s 50 day moving average price is $63.18 and its 200-day moving average price is $68.08. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 13.09 and a beta of 0.17. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 6th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.33. The firm earned $9.18 billion during the quarter, compared to analyst estimates of $9.04 billion. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post $5.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 12.07%.
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A number of equities analysts recently weighed in on the stock. Vetr lowered shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $72.50 target price for the company. in a research report on Wednesday, February 8th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, February 8th. RBC Capital Markets restated a “sector perform” rating and set a $68.00 target price on shares of Tyson Foods in a research report on Tuesday, February 7th. Finally, Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Tuesday, February 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.96.
Institutional investors have recently bought and sold shares of the stock. Washington Trust Bank raised its position in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares during the period. Evercore Wealth Management LLC raised its position in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in Tyson Foods during the fourth quarter valued at $130,000. Itau Unibanco Holding S.A. purchased a new position in Tyson Foods during the third quarter valued at $140,000. Finally, Kernodle & Katon Asset Management Group LLC purchased a new position in Tyson Foods during the second quarter valued at $156,000. 69.64% of the stock is owned by hedge funds and other institutional investors.
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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