Tyson Foods, Inc. (NYSE:TSN) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 4,240,000 shares, an increase of 6.3% from the August 15th total of 3,990,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is presently 1.6 days.
TSN has been the subject of several research reports. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays increased their price target on Tyson Foods from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Mizuho increased their price target on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Stephens set a $95.00 price target on Tyson Foods and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Credit Suisse Group increased their price target on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and a consensus price target of $85.58.
In other news, insider Sally Grimes sold 57,774 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary Oleksiuk sold 43,592 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Tyson Foods during the second quarter valued at approximately $9,537,000. Advisory Services Network LLC boosted its stake in Tyson Foods by 3.4% during the first quarter. Advisory Services Network LLC now owns 13,961 shares of the company’s stock valued at $969,000 after buying an additional 453 shares during the last quarter. Meitav Dash Investments Ltd. bought a new position in Tyson Foods during the first quarter valued at approximately $374,000. Burney Co. boosted its stake in Tyson Foods by 2.7% during the first quarter. Burney Co. now owns 155,680 shares of the company’s stock valued at $10,809,000 after buying an additional 4,160 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in Tyson Foods by 18.1% during the second quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock valued at $2,487,000 after buying an additional 4,721 shares during the last quarter. 69.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE TSN traded up $0.94 during mid-day trading on Monday, reaching $86.14. The company’s stock had a trading volume of 2,155,720 shares, compared to its average volume of 2,779,509. The firm has a market capitalization of $31.53 billion, a PE ratio of 13.98 and a beta of 0.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.33 and a quick ratio of 0.59. The stock has a fifty day moving average of $88.01 and a two-hundred day moving average of $79.54. Tyson Foods has a 52 week low of $49.77 and a 52 week high of $94.07.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.47. The firm had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. Analysts anticipate that Tyson Foods will post 5.48 EPS for the current fiscal year.
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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