Investors Buy Shares of Tyson Foods, Inc. (TSN) on Weakness
Traders bought shares of Tyson Foods, Inc. (NYSE:TSN) on weakness during trading hours on Friday. $101.49 million flowed into the stock on the tick-up and $41.37 million flowed out of the stock on the tick-down, for a money net flow of $60.12 million into the stock. Of all equities tracked, Tyson Foods had the 4th highest net in-flow for the day. Tyson Foods traded down ($0.35) for the day and closed at $72.80
A number of analysts have recently issued reports on the company. Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Thursday, July 13th. Royal Bank Of Canada boosted their target price on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group set a $70.00 target price on Tyson Foods and gave the stock a “neutral” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $74.35.
The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 15.11 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the business earned $1.21 EPS. Tyson Foods’s quarterly revenue was up 4.8% compared to the same quarter last year. equities research analysts anticipate that Tyson Foods, Inc. will post 5.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was 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 SEC, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the business’s stock in a transaction on Monday, August 14th. The stock was acquired 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.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. BlackRock Inc. raised its position in shares of Tyson Foods by 0.7% in the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after purchasing an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Tyson Foods by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock valued at $491,179,000 after purchasing an additional 423,836 shares in the last quarter. LSV Asset Management raised its position in shares of Tyson Foods by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after purchasing an additional 171,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Tyson Foods by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,014,415 shares of the company’s stock valued at $251,393,000 after purchasing an additional 10,832 shares in the last quarter. 70.97% of the stock is currently owned by 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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