Tyson Foods, Inc. (NYSE:TSN) CEO Noel W. White sold 17,417 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.29, for a total transaction of $1,589,997.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE:TSN opened at $89.86 on Monday. Tyson Foods, Inc. has a one year low of $58.20 and a one year high of $94.24. The company has a market cap of $32.87 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.16 and a beta of 0.43. The firm’s fifty day moving average price is $90.16 and its two-hundred day moving average price is $86.10. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Tuesday, November 12th. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.02). Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Tyson Foods’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that Tyson Foods, Inc. will post 6.75 earnings per share for the current year.
A number of brokerages recently weighed in on TSN. ValuEngine downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $89.00 price objective (up from $83.00) on shares of Tyson Foods in a report on Wednesday, December 4th. Stephens downgraded shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a report on Thursday. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price objective on the stock. in a report on Thursday, November 14th. Finally, BMO Capital Markets upped their price objective on shares of Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and an average price target of $88.83.
Several institutional investors have recently made changes to their positions in TSN. Profund Advisors LLC boosted its position in shares of Tyson Foods by 18.8% in the second quarter. Profund Advisors LLC now owns 5,636 shares of the company’s stock valued at $455,000 after acquiring an additional 893 shares during the period. United Capital Financial Advisers LLC boosted its position in shares of Tyson Foods by 3.2% in the second quarter. United Capital Financial Advisers LLC now owns 25,667 shares of the company’s stock valued at $2,072,000 after acquiring an additional 807 shares during the period. US Bancorp DE boosted its position in shares of Tyson Foods by 11.5% in the second quarter. US Bancorp DE now owns 53,443 shares of the company’s stock valued at $4,316,000 after acquiring an additional 5,497 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Tyson Foods in the second quarter valued at about $166,000. Finally, National Pension Service boosted its position in shares of Tyson Foods by 22.4% in the second quarter. National Pension Service now owns 420,268 shares of the company’s stock valued at $33,932,000 after acquiring an additional 76,913 shares during the period. 68.82% of the stock is 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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