Investors Sell Shares of Tyson Foods Inc. (TSN) on Strength (TSN)
Traders sold shares of Tyson Foods Inc. (NYSE:TSN) on strength during trading hours on Wednesday. $47.11 million flowed into the stock on the tick-up and $85.43 million flowed out of the stock on the tick-down, for a money net flow of $38.32 million out of the stock. Of all companies tracked, Tyson Foods had the 0th highest net out-flow for the day. Tyson Foods traded up $0.97 for the day and closed at $67.66
A number of equities research analysts have recently commented on TSN shares. Vetr cut Tyson Foods from a “hold” rating to a “sell” rating and set a $64.15 target price on the stock. in a research note on Thursday, March 10th. BB&T Corp. cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $65.00 target price (up from $60.00) on shares of Tyson Foods in a research note on Friday, April 15th. Finally, Argus started coverage on Tyson Foods in a research note on Thursday, April 21st. They issued a “buy” rating and a $80.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Tyson Foods presently has an average rating of “Buy” and a consensus target price of $68.92.
The company’s 50 day moving average is $63.38 and its 200-day moving average is $62.12. The firm has a market cap of $26.30 billion and a P/E ratio of 18.31.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 9th. The company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.11. During the same period last year, the firm earned $0.75 earnings per share. The firm had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $9.04 billion. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities analysts predict that Tyson Foods Inc. will post $4.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, August 30th.
In other Tyson Foods news, EVP Howell P. Carper sold 64,763 shares of Tyson Foods stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $63.77, for a total transaction of $4,129,936.51. Following the completion of the sale, the executive vice president now directly owns 52,783 shares of the company’s stock, valued at approximately $3,365,971.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Other large investors have recently modified their holdings of the company. I.G. Investment Management LTD. raised its stake in shares of Tyson Foods by 60.0% in the fourth quarter. I.G. Investment Management LTD. now owns 19,515 shares of the company’s stock worth $1,041,000 after buying an additional 7,315 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Tyson Foods by 14.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 20,744 shares of the company’s stock worth $1,106,000 after buying an additional 2,615 shares during the period. Atlantic Trust Group LLC raised its stake in shares of Tyson Foods by 44.1% in the fourth quarter. Atlantic Trust Group LLC now owns 20,789 shares of the company’s stock worth $1,109,000 after buying an additional 6,365 shares during the period. Amica Mutual Insurance Co. purchased a new stake in shares of Tyson Foods during the fourth quarter worth $1,172,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Tyson Foods by 77.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 24,866 shares of the company’s stock worth $1,326,000 after buying an additional 10,878 shares during the period.
Tyson Foods, Inc, is a food production company. The Company’s operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products.