Insider Selling: Tyson Foods, Inc. (TSN) General Counsel Sells $13,683,614.48 in Stock
Tyson Foods, Inc. (NYSE:TSN) General Counsel Bebber David L. Van sold 164,348 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Tyson Foods, Inc. (NYSE TSN) opened at $83.62 on Friday. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65. The firm has a market capitalization of $30,454.40, a price-to-earnings ratio of 15.60 and a beta of 0.36. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Tyson Foods’s quarterly revenue was up 10.8% on a year-over-year basis. analysts expect that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.30 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 annualized dividend and a yield of 1.44%. Tyson Foods’s dividend payout ratio is 25.05%.
Several equities research analysts have recently commented on TSN shares. Jefferies Group set a $85.00 price target on Tyson Foods and gave the stock a “buy” rating in a research note on Monday, October 30th. Mizuho restated a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a research note on Monday, October 2nd. Fundamental Research restated a “buy” rating on shares of Tyson Foods in a research note on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Wednesday, November 15th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.71.
A number of institutional investors have recently bought and sold shares of the business. Financial Counselors Inc. grew its holdings in Tyson Foods by 0.3% in the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. Lumbard & Kellner LLC grew its holdings in Tyson Foods by 0.4% in the second quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock valued at $2,497,000 after purchasing an additional 150 shares during the last quarter. Quantum Capital Management grew its holdings in Tyson Foods by 4.3% in the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock valued at $242,000 after purchasing an additional 161 shares during the last quarter. Advisor Partners LLC grew its holdings in Tyson Foods by 4.1% in the second quarter. Advisor Partners LLC now owns 5,250 shares of the company’s stock valued at $329,000 after purchasing an additional 206 shares during the last quarter. Finally, Sentry Investment Management LLC grew its holdings in Tyson Foods by 1.0% in the second quarter. Sentry Investment Management LLC now owns 22,219 shares of the company’s stock valued at $1,392,000 after purchasing an additional 229 shares during the last quarter. 71.57% 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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