Tyson Foods EVP Ken Kimbro Unloads 2,488 Shares (TSN)
Tyson Foods (NYSE:TSN) EVP Ken Kimbro unloaded 2,488 shares of the company’s stock on the open market in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $41.54, for a total transaction of $103,351.52. Following the transaction, the executive vice president now directly owns 4,457 shares in the company, valued at approximately $185,144. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $45.00 to $42.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 29th. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Tyson Foods from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 1st. They now have a $53.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Tyson Foods presently has an average rating of “Hold” and a consensus price target of $40.88.
Tyson Foods (NYSE:TSN) traded down 0.58% during mid-day trading on Wednesday, hitting $41.225. The stock had a trading volume of 1,902,490 shares. Tyson Foods has a 52-week low of $24.48 and a 52-week high of $44.24. The stock’s 50-day moving average is $41.19 and its 200-day moving average is $37.36. The company has a market cap of $14.363 billion and a price-to-earnings ratio of 15.37. Tyson Foods also saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 11,398,805 shares, an increase of 36.1% from the April 30th total of 8,376,068 shares. Based on an average trading volume of 3,814,815 shares, the short-interest ratio is currently 3.0 days. Approximately 4.2% of the shares of the stock are sold short.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $8.85 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, August 27th.
Tyson Foods, Inc and its subsidiaries is a meat protein companies and food production company. The Company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products.
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