Tyson Foods, Inc. (NYSE:TSN) Director Kevin M. Mcnamara Acquires 20,500 Shares

Tyson Foods, Inc. (NYSE:TSN – Get Rating) Director Kevin M. Mcnamara bought 20,500 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $48.92 per share, with a total value of $1,002,860.00. Following the completion of the acquisition, the director now owns 115,670 shares in the company, valued at $5,658,576.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tyson Foods Price Performance

Tyson Foods stock opened at $49.20 on Wednesday. The company has a fifty day simple moving average of $58.15 and a 200-day simple moving average of $61.78. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 11.80 and a beta of 0.75. Tyson Foods, Inc. has a 52-week low of $47.11 and a 52-week high of $92.34.

Tyson Foods (NYSE:TSN – Get Rating) last announced its quarterly earnings results on Monday, May 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.84). The firm had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.62 billion. Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.74 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.90%. Tyson Foods’s payout ratio is 46.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Tyson Foods by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,952,675 shares of the company’s stock valued at $2,502,220,000 after acquiring an additional 138,254 shares during the last quarter. State Street Corp lifted its position in Tyson Foods by 1.8% in the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after buying an additional 264,159 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Tyson Foods by 97.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after buying an additional 4,669,457 shares during the last quarter. FMR LLC lifted its position in Tyson Foods by 26.9% in the first quarter. FMR LLC now owns 7,059,348 shares of the company’s stock valued at $418,761,000 after buying an additional 1,496,505 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Tyson Foods by 22.4% in the first quarter. Victory Capital Management Inc. now owns 6,918,082 shares of the company’s stock valued at $410,381,000 after buying an additional 1,264,850 shares during the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSN shares. Credit Suisse Group cut their price target on shares of Tyson Foods from $75.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, February 7th. BMO Capital Markets cut their price target on shares of Tyson Foods from $66.00 to $48.00 in a report on Tuesday, May 9th. Sanford C. Bernstein cut their price target on shares of Tyson Foods from $75.00 to $64.00 in a report on Tuesday, May 9th. Barclays cut their price target on shares of Tyson Foods from $58.00 to $52.00 in a report on Tuesday, May 9th. Finally, StockNews.com started coverage on shares of Tyson Foods in a report on Thursday, March 16th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.11.

Tyson Foods Company Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.