Tyson Foods, Inc. (NYSE:TSN – Get Rating) insider Shane Miller sold 6,608 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $67.75, for a total value 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 Securities & Exchange Commission, which can be accessed through this hyperlink.
Tyson Foods Stock Down 0.3 %
Shares of TSN stock opened at $67.14 on Thursday. The stock has a market cap of $24.14 billion, a P/E ratio of 7.53 and a beta of 0.72. Tyson Foods, Inc. has a one year low of $62.94 and a one year high of $100.72. The stock has a fifty day moving average price of $67.11 and a 200 day moving average price of $77.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 0.77.
Get Tyson Foods alerts:Tyson Foods (NYSE:TSN – Get Rating) last issued its earnings results on Monday, November 14th. The company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.07). The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.49 billion. Tyson Foods had a return on equity of 16.62% and a net margin of 6.08%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $2.30 earnings per share. Analysts predict that Tyson Foods, Inc. will post 6.63 earnings per share for the current year.
Tyson Foods Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, February 28th. This is a boost from Tyson Foods's previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. Tyson Foods's dividend payout ratio (DPR) is presently 20.63%.Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC lifted its holdings in shares of Tyson Foods by 7.3% during the third quarter. Toroso Investments LLC now owns 12,267 shares of the company's stock valued at $809,000 after acquiring an additional 833 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Tyson Foods by 9.0% during the third quarter. IHT Wealth Management LLC now owns 22,337 shares of the company's stock valued at $1,473,000 after acquiring an additional 1,843 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Tyson Foods by 28.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,450 shares of the company's stock valued at $293,000 after acquiring an additional 992 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Tyson Foods during the third quarter valued at $1,769,000. Finally, Power Corp of Canada acquired a new stake in shares of Tyson Foods in the third quarter valued at $2,399,000. 68.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Piper Sandler lowered their price target on Tyson Foods from $79.00 to $68.00 in a report on Thursday, October 27th. Sanford C. Bernstein reduced their price objective on Tyson Foods to $101.00 in a research report on Monday, August 15th. BMO Capital Markets reduced their price objective on Tyson Foods from $90.00 to $75.00 and set a "market perform" rating for the company in a research report on Tuesday, November 15th. Stephens reduced their price objective on Tyson Foods from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, August 9th. Finally, The Goldman Sachs Group reduced their price objective on Tyson Foods from $111.00 to $97.00 and set a "buy" rating for the company in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $81.22.
Tyson Foods Company Profile
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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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