Tyson Foods, Inc. (NYSE:TSN) CFO Dennis Leatherby sold 115,293 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $82.09, for a total value of $9,464,402.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Tyson Foods, Inc. (TSN) traded up $0.13 during midday trading on Friday, reaching $82.38. 1,460,225 shares of the company’s stock traded hands, compared to its average volume of 2,650,282. Tyson Foods, Inc. has a 1 year low of $55.94 and a 1 year high of $82.84. The company has a market cap of $29,840.31, a PE ratio of 15.28 and a beta of 0.30. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. equities research analysts anticipate that Tyson Foods, Inc. will post 5.81 earnings per share for the current year.
Several equities research analysts have recently issued reports on TSN shares. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, November 15th. raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a report on Wednesday, November 15th. BMO Capital Markets increased their target price on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Pivotal Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a research note on Monday, November 13th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and an average price target of $73.71.
Hedge funds have recently made changes to their positions in the company. Sage Capital Advisors llc increased its holdings in Tyson Foods by 21.8% in the 3rd quarter. Sage Capital Advisors llc now owns 38,031 shares of the company’s stock worth $2,679,000 after acquiring an additional 6,809 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Tyson Foods by 3.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 121,454 shares of the company’s stock valued at $8,556,000 after buying an additional 3,868 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Tyson Foods during the 3rd quarter valued at about $1,182,000. IFM Investors Pty Ltd purchased a new position in Tyson Foods during the 3rd quarter valued at about $625,000. Finally, Afam Capital Inc. grew its holdings in Tyson Foods by 2.6% during the 3rd quarter. Afam Capital Inc. now owns 75,719 shares of the company’s stock valued at $5,334,000 after buying an additional 1,884 shares in the last quarter. 71.59% of the stock is owned by institutional investors.
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About Tyson Foods
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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