Traders sold shares of Tyson Foods, Inc. (NYSE:TSN) on strength during trading hours on Monday. $25.78 million flowed into the stock on the tick-up and $61.30 million flowed out of the stock on the tick-down, for a money net flow of $35.52 million out of the stock. Of all companies tracked, Tyson Foods had the 21st highest net out-flow for the day. Tyson Foods traded up $0.14 for the day and closed at $59.43
A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Standpoint Research assumed coverage on Tyson Foods in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target for the company. Mizuho reiterated a “buy” rating and set a $82.00 price target on shares of Tyson Foods in a research report on Friday. Piper Jaffray Companies set a $72.00 price target on Tyson Foods and gave the company a “buy” rating in a research report on Monday, November 26th. Finally, Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Tuesday, November 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $70.93.
The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34. The company has a market capitalization of $21.65 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.91 and a beta of 0.49.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Thursday, February 7th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.03. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.81 EPS. Analysts predict that Tyson Foods, Inc. will post 5.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.52%. Tyson Foods’s dividend payout ratio (DPR) is currently 24.35%.
In other Tyson Foods news, Director Robert C. Thurber sold 500 shares of Tyson Foods stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $54.45, for a total value of $27,225.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of $58.01 per share, for a total transaction of $400,094.97. The disclosure for this purchase can be found here. 1.69% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its stake in shares of Tyson Foods by 236.9% during the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after buying an additional 379 shares during the period. Legacy Financial Advisors Inc. purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $31,000. Citizens Financial Group Inc RI purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $37,000. AdvisorNet Financial Inc increased its stake in shares of Tyson Foods by 58.4% during the fourth quarter. AdvisorNet Financial Inc now owns 895 shares of the company’s stock valued at $48,000 after buying an additional 330 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Tyson Foods by 171.2% during the fourth quarter. Parallel Advisors LLC now owns 1,440 shares of the company’s stock valued at $76,000 after buying an additional 909 shares during the period. 70.77% of the stock is currently owned by institutional investors and hedge funds.
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Tyson Foods Company Profile (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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