Investors Sell Shares of Tyson Foods (TSN) on Strength (TSN)

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Traders sold shares of Tyson Foods, Inc. (NYSE:TSN) on strength during trading hours on Friday. $22.39 million flowed into the stock on the tick-up and $68.00 million flowed out of the stock on the tick-down, for a money net flow of $45.61 million out of the stock. Of all stocks tracked, Tyson Foods had the 0th highest net out-flow for the day. Tyson Foods traded up $0.53 for the day and closed at $62.19

TSN has been the topic of a number of research analyst reports. Mizuho reaffirmed a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a report on Friday, February 8th. ValuEngine lowered Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 target price on shares of Tyson Foods in a report on Tuesday, December 11th. Vertical Group raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Finally, Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Wednesday, January 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.93.

The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.49.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.03. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the company posted $1.81 EPS. Tyson Foods’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts expect that Tyson Foods, Inc. will post 5.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.375 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.41%. Tyson Foods’s dividend payout ratio (DPR) is 24.35%.

In related news, insider Chad Roderick Martin sold 8,233 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average price of $58.01 per share, with a total value of $400,094.97. The disclosure for this purchase can be found here. Company insiders own 1.69% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TSN. Oregon Public Employees Retirement Fund boosted its position in shares of Tyson Foods by 7,093.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock valued at $169,000 after purchasing an additional 8,905,199 shares during the period. Boston Partners acquired a new stake in Tyson Foods during the 4th quarter worth about $96,539,000. Columbus Hill Capital Management L.P. acquired a new stake in Tyson Foods during the 3rd quarter worth about $72,553,000. Point72 Asset Management L.P. boosted its position in Tyson Foods by 681.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,270,608 shares of the company’s stock worth $75,639,000 after acquiring an additional 1,108,108 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position in Tyson Foods by 119,363.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 873,278 shares of the company’s stock worth $46,634,000 after acquiring an additional 872,547 shares during the period. Institutional investors and hedge funds own 68.27% of the company’s stock.

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About Tyson Foods (NYSE:TSN)

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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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