Tyson Foods, Inc. (TSN) Insider Stephen R. Stouffer Sells 7,754 Shares of Stock
Tyson Foods, Inc. (NYSE:TSN) insider Stephen R. Stouffer sold 7,754 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total transaction of $616,830.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up $0.10 during mid-day trading on Wednesday, hitting $79.06. 2,087,800 shares of the company traded hands, compared to its average volume of 2,652,943. The company has a market cap of $29,035.01, a P/E ratio of 14.87 and a beta of 0.30. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a 1-year low of $55.94 and a 1-year high of $79.66.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the 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 business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The business’s revenue was up 10.8% on a year-over-year basis. equities research 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. Shareholders of record on Thursday, March 1st will be paid a $0.30 dividend. This is a boost 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 1.52%. Tyson Foods’s payout ratio is 18.79%.
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A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. BlackRock Inc. raised its stake in Tyson Foods by 0.7% in the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after purchasing an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares in the last quarter. LSV Asset Management raised its stake in Tyson Foods by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after purchasing an additional 171,600 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in Tyson Foods by 64.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research report on Wednesday, November 15th. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Wednesday, November 15th. BMO Capital Markets lifted their price objective on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Pivotal Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research report on Monday, November 13th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $73.71.
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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