Insider Selling: Tyson Foods, Inc. (TSN) Insider Sells 21,166 Shares of Stock

Tyson Foods, Inc. (NYSE:TSN) insider Douglas Wayne Ramsey sold 21,166 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $81.79, for a total transaction of $1,731,167.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of TSN stock opened at $82.49 on Friday. The company has a market cap of $30.15 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $83.36.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. Tyson Foods’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. As a group, research analysts forecast that Tyson Foods, Inc. will post 5.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.

A number of analysts recently commented on the stock. Standpoint Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Mizuho restated a “buy” rating and set a $82.00 price target on shares of Tyson Foods in a research note on Friday, February 8th. Stephens assumed coverage on shares of Tyson Foods in a research note on Monday, March 4th. They set an “overweight” rating and a $62.26 price target on the stock. Finally, Pivotal Research upped their price target on shares of Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $77.94.

A number of institutional investors have recently bought and sold shares of the stock. Investment Management of Virginia LLC increased its holdings in Tyson Foods by 1.0% during the 1st quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock worth $970,000 after acquiring an additional 135 shares during the period. Horrell Capital Management Inc. increased its holdings in Tyson Foods by 0.4% during the 1st quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock worth $2,185,000 after acquiring an additional 139 shares during the period. Unison Advisors LLC increased its holdings in Tyson Foods by 0.7% during the 1st quarter. Unison Advisors LLC now owns 21,606 shares of the company’s stock worth $1,500,000 after acquiring an additional 144 shares during the period. Empirical Finance LLC increased its holdings in Tyson Foods by 0.6% during the 1st quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock worth $1,742,000 after acquiring an additional 160 shares during the period. Finally, Catalyst Capital Advisors LLC increased its holdings in Tyson Foods by 33.8% during the 1st quarter. Catalyst Capital Advisors LLC now owns 653 shares of the company’s stock worth $45,000 after acquiring an additional 165 shares during the period. 71.36% of the stock is currently owned by institutional investors and hedge funds.

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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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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