Tyson Foods, Inc. (NYSE:TSN) insider Scott Rouse sold 150 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $71.81, for a total transaction of $10,771.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Tyson Foods traded down $0.94, reaching $69.19, on Thursday, according to MarketBeat. The company’s stock had a trading volume of 45,531 shares, compared to its average volume of 2,120,515. The company has a current ratio of 1.56, a quick ratio of 0.69 and a debt-to-equity ratio of 0.73. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.98 and a beta of 0.19. Tyson Foods, Inc. has a 12-month low of $58.36 and a 12-month high of $84.65.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). The business had revenue of $9.77 billion during the quarter, compared to analysts’ expectations of $9.86 billion. Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. analysts predict that Tyson Foods, Inc. will post 6.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 30th. Tyson Foods’s payout ratio is 22.60%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFM Investors Pty Ltd boosted its holdings in shares of Tyson Foods by 9.5% in the first quarter. IFM Investors Pty Ltd now owns 8,855 shares of the company’s stock worth $648,000 after buying an additional 771 shares during the last quarter. TLP Group LLC boosted its holdings in shares of Tyson Foods by 33.6% in the first quarter. TLP Group LLC now owns 3,074 shares of the company’s stock worth $225,000 after buying an additional 773 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Tyson Foods by 0.7% in the first quarter. Baird Financial Group Inc. now owns 126,186 shares of the company’s stock worth $9,236,000 after buying an additional 881 shares during the last quarter. RDL Financial Inc. raised its stake in Tyson Foods by 4.4% during the 4th quarter. RDL Financial Inc. now owns 22,265 shares of the company’s stock worth $1,805,000 after acquiring an additional 933 shares during the period. Finally, Commerce Bank raised its stake in Tyson Foods by 10.4% during the 4th quarter. Commerce Bank now owns 10,344 shares of the company’s stock worth $838,000 after acquiring an additional 971 shares during the period. 71.40% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on TSN. Pivotal Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating and dropped their price target for the company from $75.00 to $55.00 in a report on Monday, April 2nd. Buckingham Research reaffirmed a “hold” rating and set a $71.00 price target (down previously from $79.00) on shares of Tyson Foods in a report on Tuesday, May 8th. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Vertical Group downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, April 20th. Finally, Morgan Stanley dropped their price target on shares of Tyson Foods to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and a consensus target price of $74.93.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.
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