Dennis Leatherby Sells 145,100 Shares of Tyson Foods, Inc. (TSN) Stock
Tyson Foods, Inc. (NYSE:TSN) CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Tyson Foods, Inc. (TSN) traded up 0.17% on Tuesday, hitting $65.96. The company had a trading volume of 2,457,275 shares. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $77.05. The stock’s 50-day moving average is $62.41 and its 200 day moving average is $62.19. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 13.91 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the business posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is 18.95%.
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Several equities research analysts recently commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, June 15th. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Thursday, July 13th. Royal Bank Of Canada boosted their price target on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho began coverage on Tyson Foods in a research note on Wednesday, June 7th. They set a “buy” rating and a $71.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods presently has a consensus rating of “Buy” and a consensus target price of $69.79.
Hedge funds have recently bought and sold shares of the company. Koch Industries Inc. raised its stake in Tyson Foods by 13,862.2% in the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock valued at $765,000 after buying an additional 771,294 shares during the period. Polaris Capital Management LLC bought a new stake in Tyson Foods during the second quarter valued at approximately $2,543,000. Piedmont Investment Advisors LLC raised its stake in Tyson Foods by 3,043.6% in the second quarter. Piedmont Investment Advisors LLC now owns 107,793 shares of the company’s stock valued at $6,751,000 after buying an additional 104,364 shares during the period. Sterling Capital Management LLC raised its stake in Tyson Foods by 3.2% in the second quarter. Sterling Capital Management LLC now owns 144,770 shares of the company’s stock valued at $9,067,000 after buying an additional 4,461 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Tyson Foods during the second quarter valued at approximately $210,000. 71.05% of the stock is currently owned by hedge funds and other institutional investors.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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