Tyson Foods, Inc. (TSN) Insider Scott Rouse Sells 1,000 Shares of Stock
Tyson Foods, Inc. (NYSE:TSN) insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Tyson Foods, Inc. (NYSE TSN) opened at $78.96 on Tuesday. The stock has a market capitalization of $28,660.00, a P/E ratio of 14.68 and a beta of 0.30. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $79.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. equities analysts anticipate that Tyson Foods, Inc. will post 5.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.52%. Tyson Foods’s dividend payout ratio is 18.79%.
Several analysts have weighed in on the company. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the company a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday. raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research report on Wednesday, November 15th. BMO Capital Markets lifted their price objective on Tyson Foods to $89.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Royal Bank Of Canada lifted their price objective on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $73.71.
A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Counselors Inc. lifted its position in Tyson Foods by 0.3% in the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after acquiring an additional 15 shares in the last quarter. Montecito Bank & Trust lifted its position in Tyson Foods by 3.7% in the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after acquiring an additional 147 shares in the last quarter. Lumbard & Kellner LLC lifted its position in Tyson Foods by 0.4% in the 2nd quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock valued at $2,497,000 after acquiring an additional 150 shares in the last quarter. Quantum Capital Management lifted its position in Tyson Foods by 4.3% in the 2nd quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Tyson Foods by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 34,779 shares of the company’s stock valued at $2,178,000 after acquiring an additional 166 shares in the last quarter. 73.44% of the stock is currently owned by institutional investors and hedge funds.
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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