Investors Buy Shares of Tyson Foods, Inc. (TSN) on Weakness After Insider Selling

Traders purchased shares of Tyson Foods, Inc. (NYSE:TSN) on weakness during trading on Wednesday following insider selling activity. $51.13 million flowed into the stock on the tick-up and $22.08 million flowed out of the stock on the tick-down, for a money net flow of $29.05 million into the stock. Of all companies tracked, Tyson Foods had the 13th highest net in-flow for the day. Tyson Foods traded down ($0.31) for the day and closed at $65.65Specifically, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mikel A. Durham acquired 2,809 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $76.00 price target on shares of Tyson Foods in a research note on Tuesday, May 9th. Barclays PLC assumed coverage on shares of Tyson Foods in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, Credit Suisse Group assumed coverage on shares of Tyson Foods in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.79.

The firm has a 50 day moving average price of $62.50 and a 200 day moving average price of $62.21. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 13.84 and a beta of 0.26.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.37%. Tyson Foods’s dividend payout ratio is currently 18.95%.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares in the last quarter. Janus Henderson Group PLC raised its stake in Tyson Foods by 6,356.6% in the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after buying an additional 2,440,548 shares in the last quarter. FMR LLC raised its stake in Tyson Foods by 155.4% in the second quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Tyson Foods during the first quarter valued at approximately $73,273,000. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Tyson Foods by 2,655.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after buying an additional 1,171,956 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.

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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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