Noel W. White Sells 24,575 Shares of Tyson Foods, Inc. (TSN) Stock

Tyson Foods, Inc. (NYSE:TSN) insider Noel W. White sold 24,575 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total value of $1,989,592.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Tyson Foods, Inc. (NYSE:TSN) opened at $81.48 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75. The stock has a market capitalization of $29,950.00, a P/E ratio of 17.01 and a beta of 0.36. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month high of $84.65.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the 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 firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. research analysts predict that Tyson Foods, Inc. will post 5.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.47%. Tyson Foods’s dividend payout ratio is presently 25.05%.

A number of equities research analysts have recently issued reports on TSN shares. Credit Suisse Group restated a “neutral” rating and set a $75.00 price objective (up previously from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Barclays boosted their price objective on Tyson Foods from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Mizuho restated a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a report on Monday, October 2nd. Jefferies Group boosted their price objective on Tyson Foods from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective for the company in a report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $74.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. lifted its stake in Tyson Foods by 13,862.2% during the second quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock worth $765,000 after purchasing an additional 771,294 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Tyson Foods by 2,014.3% during the third quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock worth $22,511,000 after buying an additional 304,421 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Tyson Foods by 130.5% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock worth $15,849,000 after buying an additional 136,695 shares in the last quarter. TIAA FSB acquired a new position in shares of Tyson Foods during the third quarter worth $3,813,000. Finally, BT Investment Management Ltd acquired a new position in shares of Tyson Foods during the second quarter worth $15,974,000. Hedge funds and other institutional investors own 71.33% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Tyson Foods (NYSE:TSN)

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