Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson Sells 133,277 Shares

Tyson Foods, Inc. (NYSE:TSN) Chairman John H. Tyson sold 133,277 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $46.16, for a total transaction of $6,152,066.32. Following the completion of the sale, the chairman now owns 2,739,150 shares of the company’s stock, valued at $126,439,164. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tyson Foods Trading Up 1.2 %

NYSE TSN opened at $48.31 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.80 and a quick ratio of 0.71. The stock has a market capitalization of $17.18 billion, a P/E ratio of -25.56 and a beta of 0.82. The firm’s 50-day moving average is $48.76 and its two-hundred day moving average is $51.26. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $74.07.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. Tyson Foods had a negative net margin of 1.23% and a positive return on equity of 2.47%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.72 billion. During the same period in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Tyson Foods from $50.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday. Bank of America cut their price target on Tyson Foods from $48.00 to $45.00 and set an “underperform” rating for the company in a report on Tuesday, October 17th. Stephens reissued an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday. HSBC initiated coverage on Tyson Foods in a report on Friday, September 22nd. They set a “reduce” rating and a $49.00 price target on the stock. Finally, StockNews.com initiated coverage on shares of Tyson Foods in a report on Thursday, October 5th. They issued a “sell” rating for the company. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.60.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of TSN. Sugarloaf Wealth Management LLC grew its holdings in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Manchester Capital Management LLC boosted its position in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Tyson Foods in the first quarter worth $32,000. AdvisorNet Financial Inc increased its position in shares of Tyson Foods by 43.2% during the first quarter. AdvisorNet Financial Inc now owns 610 shares of the company’s stock worth $36,000 after acquiring an additional 184 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

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; 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.