Noel W. White Sells 24,575 Shares of Tyson Foods, Inc. (TSN) Stock
Tyson Foods, Inc. (NYSE:TSN) insider Noel W. White sold 24,575 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $80.96, for a total transaction of $1,989,592.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Tyson Foods, Inc. (NYSE:TSN) traded down $0.54 during midday trading on Tuesday, reaching $80.62. 2,485,800 shares of the company’s stock were exchanged, compared to its average volume of 2,643,473. Tyson Foods, Inc. has a 12-month low of $57.20 and a 12-month high of $84.65. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. The company has a market cap of $29,645.43, a P/E ratio of 16.83 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. research analysts predict that Tyson Foods, Inc. will post 5.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s dividend payout ratio is 25.05%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sun Life Financial INC lifted its position in shares of Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after buying an additional 2,100 shares during the last quarter. Stevens First Principles Investment Advisors bought a new position in shares of Tyson Foods in the 3rd quarter worth about $141,000. Archford Capital Strategies LLC lifted its position in shares of Tyson Foods by 27,492.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after buying an additional 3,574 shares during the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Tyson Foods in the 3rd quarter worth about $155,000. Finally, Cadence Bank NA bought a new position in shares of Tyson Foods in the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 71.33% of the company’s stock.
A number of research firms recently weighed in on TSN. Credit Suisse Group reaffirmed a “neutral” rating and set a $75.00 price target (up from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Jefferies Group set a $85.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $74.08.
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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