Investors purchased shares of Tyson Foods, Inc. (NYSE:TSN) on weakness during trading on Wednesday following insider selling activity. $51.13 million flowed into the stock on the tick-up and $22.08 million flowed out of the stock on the tick-down, for a money net flow of $29.05 million into the stock. Of all companies tracked, Tyson Foods had the 13th highest net in-flow for the day. Tyson Foods traded down ($0.31) for the day and closed at $65.65Specifically, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.

TSN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a report on Monday, May 8th. Royal Bank Of Canada reissued a “hold” rating and set a $68.00 price target on shares of Tyson Foods in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a report on Tuesday, May 9th. Finally, ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.79.

The company’s 50 day moving average price is $62.50 and its 200 day moving average price is $62.21. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 13.84 and a beta of 0.26.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.

The company also recently declared 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. This represents a $0.90 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSN. Financial Counselors Inc. increased its position 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 buying an additional 15 shares during the period. Jaffetilchin Investment Partners LLC increased its position in Tyson Foods by 0.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock valued at $434,000 after buying an additional 24 shares during the period. Smith Salley & Associates increased its position in Tyson Foods by 0.8% in the first quarter. Smith Salley & Associates now owns 3,628 shares of the company’s stock valued at $224,000 after buying an additional 28 shares during the period. Meiji Yasuda Life Insurance Co increased its position in Tyson Foods by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after buying an additional 100 shares during the period. Finally, CrestPoint Capital Management LLC increased its position in Tyson Foods by 0.5% in the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after buying an additional 100 shares during the period. 71.05% of the stock is owned by institutional investors and hedge funds.

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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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