Tyson Foods (NYSE:TSN) Chairman John Tyson Sells 100,301 Shares

Tyson Foods, Inc. (NYSE:TSN) Chairman John Tyson sold 100,301 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tyson Foods Price Performance

NYSE TSN opened at $58.35 on Tuesday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock has a market capitalization of $20.60 billion, a PE ratio of 26.52, a P/E/G ratio of 0.85 and a beta of 0.56. The stock has a 50-day simple moving average of $53.58 and a 200 day simple moving average of $54.76.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same period in the previous year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Tyson Foods has set its FY 2026 guidance at EPS. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.51 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s payout ratio is currently 153.38%.

Tyson Foods announced that its board has initiated a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America cut their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target on the stock. Santander initiated coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, November 24th. Finally, Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.75.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its stake in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods in the 1st quarter worth about $28,000. Root Financial Partners LLC acquired a new stake in shares of Tyson Foods during the 3rd quarter worth about $28,000. NewSquare Capital LLC lifted its holdings in Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Finally, Matrix Trust Co boosted its position in Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after buying an additional 564 shares in the last quarter. 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.