Tyson Foods, Inc. (NYSE:TSN – Get Free Report) 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 – Get Free Report) 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
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.
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