Tyson Foods (NYSE:TSN) posted its quarterly earnings data on Thursday. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.30, Bloomberg Earnings reports. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. Tyson Foods updated its FY18 guidance to $6.55-6.70 EPS.

Tyson Foods (NYSE:TSN) opened at $73.92 on Friday. Tyson Foods has a 12-month low of $57.20 and a 12-month high of $84.65. The firm has a market capitalization of $26,983.14, a PE ratio of 13.82 and a beta of 0.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.62%. Tyson Foods’s dividend payout ratio is 25.05%.

In other news, CFO Dennis Leatherby sold 115,293 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total value of $9,464,402.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold 397,342 shares of company stock worth $32,702,254 over the last quarter. 2.65% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in TSN. OxFORD Asset Management LLP purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $232,000. Stifel Financial Corp raised its holdings in shares of Tyson Foods by 63.9% during the 2nd quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock valued at $341,000 after buying an additional 2,119 shares during the period. Caxton Associates LP purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $432,000. Americafirst Capital Management LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $297,000. Finally, Nomura Holdings Inc. raised its holdings in shares of Tyson Foods by 972.1% during the 2nd quarter. Nomura Holdings Inc. now owns 63,095 shares of the company’s stock valued at $3,949,000 after buying an additional 57,210 shares during the period. Institutional investors own 71.09% of the company’s stock.

TSN has been the topic of a number of analyst reports. Jefferies Group set a $85.00 price objective on Tyson Foods and gave the company a “buy” rating in a research note on Monday, October 30th. KeyCorp started coverage on Tyson Foods in a research note on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price objective on the stock. Morgan Stanley started coverage on Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price on the stock. Pivotal Research upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a research report on Monday, November 13th. Finally, BMO Capital Markets increased their target price on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and an average price target of $75.67.

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About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Earnings History for Tyson Foods (NYSE:TSN)

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