Tyson Foods, Inc. (NYSE:TSN) Insider Sells $447,692.00 in Stock

Tyson Foods, Inc. (NYSE:TSNGet Rating) insider Shane Miller sold 6,608 shares of Tyson Foods stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $67.75, for a total transaction of $447,692.00. Following the transaction, the insider now owns 30,921 shares in the company, valued at approximately $2,094,897.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tyson Foods Stock Performance

Tyson Foods stock opened at $67.14 on Friday. The company’s 50-day moving average price is $67.01 and its 200-day moving average price is $77.81. Tyson Foods, Inc. has a twelve month low of $62.94 and a twelve month high of $100.72. The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.40. The company has a market cap of $24.14 billion, a PE ratio of 7.53 and a beta of 0.72.

Tyson Foods (NYSE:TSNGet Rating) last posted its earnings results on Monday, November 14th. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Tyson Foods had a return on equity of 16.62% and a net margin of 6.08%. The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.49 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 6.63 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.86%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, February 28th. Tyson Foods’s dividend payout ratio is presently 20.63%.

Hedge Funds Weigh In On Tyson Foods

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Tyson Foods by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,952,675 shares of the company’s stock valued at $2,502,220,000 after purchasing an additional 138,254 shares during the last quarter. BlackRock Inc. grew its holdings in Tyson Foods by 3.3% during the 1st quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock valued at $1,929,996,000 after purchasing an additional 690,099 shares during the last quarter. State Street Corp boosted its position in Tyson Foods by 1.8% in the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after buying an additional 264,159 shares during the period. Northern Trust Corp boosted its position in Tyson Foods by 1.9% in the 2nd quarter. Northern Trust Corp now owns 5,217,416 shares of the company’s stock valued at $449,012,000 after buying an additional 97,761 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Tyson Foods by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,198,275 shares of the company’s stock valued at $342,723,000 after buying an additional 549,088 shares during the period. 68.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Tyson Foods from $111.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday, November 7th. Sanford C. Bernstein decreased their price target on shares of Tyson Foods to $101.00 in a research note on Monday, August 15th. Barclays decreased their price target on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Piper Sandler decreased their price target on shares of Tyson Foods from $79.00 to $68.00 in a research note on Thursday, October 27th. Finally, StockNews.com cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $81.22.

About Tyson Foods

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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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Insider Buying and Selling by Quarter for Tyson Foods (NYSE:TSN)

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