Dennis Leatherby Sells 145,100 Shares of Tyson Foods, Inc. (TSN) Stock
Tyson Foods, Inc. (NYSE:TSN) CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Tyson Foods, Inc. (TSN) traded up 0.17% on Tuesday, hitting $65.96. The stock had a trading volume of 2,457,275 shares. The company’s 50-day moving average is $62.41 and its 200-day moving average is $62.19. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The stock has a market cap of $24.20 billion, a P/E ratio of 13.91 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. On average, analysts anticipate that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. Tyson Foods’s dividend payout ratio is presently 18.95%.
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TSN has been the subject of a number of research reports. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Pivotal Research reissued a “sell” rating and set a $40.00 target price on shares of Tyson Foods in a research note on Tuesday, August 8th. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and a consensus price target of $69.79.
Several hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. increased its stake in shares of Tyson Foods by 13,862.2% in the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock valued at $765,000 after buying an additional 771,294 shares in the last quarter. Polaris Capital Management LLC acquired a new stake in shares of Tyson Foods during the second quarter valued at $2,543,000. Piedmont Investment Advisors LLC increased its stake in shares of Tyson Foods by 3,043.6% in the second quarter. Piedmont Investment Advisors LLC now owns 107,793 shares of the company’s stock valued at $6,751,000 after buying an additional 104,364 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Tyson Foods by 3.2% in the second quarter. Sterling Capital Management LLC now owns 144,770 shares of the company’s stock valued at $9,067,000 after buying an additional 4,461 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of Tyson Foods during the second quarter valued at $210,000. Institutional investors own 71.05% of the company’s stock.
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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