Investors Sell Tyson Foods, Inc. (TSN) on Strength (TSN)
Traders sold shares of Tyson Foods, Inc. (NYSE:TSN) on strength during trading on Friday. $14.34 million flowed into the stock on the tick-up and $43.11 million flowed out of the stock on the tick-down, for a money net flow of $28.77 million out of the stock. Of all companies tracked, Tyson Foods had the 23rd highest net out-flow for the day. Tyson Foods traded up $0.13 for the day and closed at $71.54
Several equities research analysts have weighed in on TSN shares. BidaskClub downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. J P Morgan Chase & Co increased their price target on Tyson Foods from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, June 26th. Mizuho reaffirmed a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a research report on Monday, July 10th. Pivotal Research reaffirmed a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $72.96.
The firm’s 50-day moving average price is $68.05 and its 200 day moving average price is $63.50. The company has a market cap of $26.25 billion, a PE ratio of 15.08 and a beta of 0.28.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of Tyson Foods 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. 2.65% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TSN. BlackRock Inc. lifted its stake in shares of Tyson Foods by 2,404.6% during the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Tyson Foods by 6,356.6% during the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after buying an additional 2,440,548 shares during the period. FMR LLC lifted its stake in shares of Tyson Foods by 155.4% during the second quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in Tyson Foods by 2,655.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock worth $75,045,000 after purchasing an additional 1,171,956 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Tyson Foods by 3.7% during the second 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 during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.
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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