Short Interest in Tyson Foods, Inc. (NYSE:TSN) Declines By 16.4%

Tyson Foods, Inc. (NYSE:TSN) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,030,000 shares, a decrease of 16.4% from the March 31st total of 4,820,000 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 2,930,000 shares, the short-interest ratio is presently 1.4 days.

Tyson Foods Stock Performance

TSN opened at $60.63 on Friday. The firm has a market capitalization of $21.61 billion, a P/E ratio of -24.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.77. The stock’s 50 day moving average price is $56.97 and its two-hundred day moving average price is $52.92. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $63.28.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, equities analysts forecast that Tyson Foods will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Analysts Set New Price Targets

TSN has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. BMO Capital Markets increased their price objective on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Piper Sandler increased their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds have recently modified their holdings of TSN. Sugarloaf Wealth Management LLC lifted its position in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC lifted its position in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. First Financial Corp IN bought a new stake in shares of Tyson Foods in the 1st quarter worth approximately $35,000. Finally, Lindbrook Capital LLC lifted its position in shares of Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the period. Institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.