Tyson Foods, Inc. (NYSE:TSN) Short Interest Update

Tyson Foods, Inc. (NYSE:TSN) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 4,030,000 shares, a decline of 16.4% from the March 31st total of 4,820,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,930,000 shares, the days-to-cover ratio is currently 1.4 days.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is owned by insiders.

Institutional Trading of Tyson Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock valued at $6,293,000 after purchasing an additional 7,921 shares during the period. Check Capital Management Inc. CA bought a new position in shares of Tyson Foods in the third quarter valued at about $204,000. SG Americas Securities LLC raised its position in shares of Tyson Foods by 157.1% in the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after purchasing an additional 28,833 shares during the period. Rafferty Asset Management LLC raised its position in shares of Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock valued at $1,074,000 after purchasing an additional 2,129 shares during the period. Finally, Markel Group Inc. raised its position in shares of Tyson Foods by 28.3% in the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after purchasing an additional 127,500 shares during the period. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSN shares. Citigroup boosted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Piper Sandler boosted their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. The Goldman Sachs Group increased their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $58.80.

Tyson Foods Stock Down 0.5 %

Shares of Tyson Foods stock traded down $0.30 on Tuesday, hitting $60.66. The company had a trading volume of 1,878,070 shares, compared to its average volume of 2,758,549. The firm has a market capitalization of $21.61 billion, a P/E ratio of -24.56, a P/E/G ratio of 0.48 and a beta of 0.77. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $63.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The stock has a 50-day moving average of $57.26 and a 200-day moving average of $53.15.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Research analysts predict that Tyson Foods will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is currently -79.35%.

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 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.