Tyson Foods, Inc. (NYSE:TSN) Short Interest Down 25.3% in April
Tyson Foods, Inc. (NYSE:TSN) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,570,000 shares, a decline of 25.3% from the March 31st total of 3,440,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is currently 1.2 days.
Shares of NYSE:TSN traded down $0.72 during midday trading on Tuesday, hitting $77.78. 2,796,051 shares of the stock were exchanged, compared to its average volume of 2,131,358. The business’s 50-day moving average price is $76.75 and its 200 day moving average price is $67.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 1.86. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 3.58 and a beta of 0.76. Tyson Foods has a 12 month low of $54.77 and a 12 month high of $79.77.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 11th. The company reported $1.94 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.45. The company had revenue of $10.46 billion for the quarter, compared to analyst estimates of $11.08 billion. Tyson Foods had a return on equity of 13.79% and a net margin of 4.96%. During the same period in the previous year, the firm earned $1.66 earnings per share. As a group, sell-side analysts expect that Tyson Foods will post 5.57 EPS for the current year.
Separately, Stephens boosted their price target on Tyson Foods from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $75.14.
In other Tyson Foods news, insider Shane Miller sold 5,000 shares of Tyson Foods stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $77.00, for a total value of $385,000.00. Following the transaction, the insider now owns 12,934 shares in the company, valued at $995,918. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Nichol sold 1,114 shares of Tyson Foods stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $74.00, for a total value of $82,436.00. Following the completion of the transaction, the insider now owns 3,437 shares in the company, valued at approximately $254,338. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. JJJ Advisors Inc. lifted its stake in Tyson Foods by 360.5% in the fourth quarter. JJJ Advisors Inc. now owns 396 shares of the company’s stock valued at $26,000 after buying an additional 310 shares during the period. Childress Capital Advisors LLC acquired a new position in Tyson Foods in the fourth quarter valued at approximately $26,000. Crescent Capital Consulting LLC acquired a new position in Tyson Foods in the first quarter valued at approximately $28,000. Cowa LLC acquired a new position in Tyson Foods in the fourth quarter valued at approximately $30,000. Finally, International Assets Investment Management LLC lifted its stake in Tyson Foods by 100.0% in the first quarter. International Assets Investment Management LLC now owns 422 shares of the company’s stock valued at $30,000 after buying an additional 211 shares during the period. 63.65% of the stock is currently owned by institutional investors.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
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