Tyson Foods, Inc. (NYSE:TSN) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totalling 4,400,000 shares, a decline of 16.8% from the October 15th total of 5,290,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,420,000 shares, the short-interest ratio is presently 1.8 days.
Several institutional investors have recently modified their holdings of TSN. FDx Advisors Inc. lifted its stake in shares of Tyson Foods by 9.1% in the second quarter. FDx Advisors Inc. now owns 7,715 shares of the company's stock worth $461,000 after buying an additional 641 shares during the last quarter. Cerebellum GP LLC acquired a new position in Tyson Foods during the 2nd quarter valued at $124,000. Sumitomo Life Insurance Co. raised its stake in Tyson Foods by 109.9% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,876 shares of the company's stock valued at $1,187,000 after purchasing an additional 10,408 shares during the last quarter. M&G Investment Management Ltd. raised its stake in Tyson Foods by 13.4% during the 2nd quarter. M&G Investment Management Ltd. now owns 114,716 shares of the company's stock valued at $6,883,000 after purchasing an additional 13,572 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new position in Tyson Foods during the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 63.82% of the company's stock.
TSN has been the topic of several research analyst reports. Seaport Global Securities initiated coverage on Tyson Foods in a report on Tuesday, July 28th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $63.00 to $70.00 in a research report on Wednesday, August 26th. ValuEngine lowered shares of Tyson Foods from a "hold" rating to a "sell" rating in a research report on Thursday, August 6th. Piper Sandler lifted their price target on shares of Tyson Foods from $63.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, TheStreet raised shares of Tyson Foods from a "c+" rating to a "b-" rating in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of "Hold" and an average target price of $78.09.
TSN stock traded down $1.60 during trading hours on Friday, hitting $60.74. The company's stock had a trading volume of 2,866,090 shares, compared to its average volume of 3,103,741. The company has a quick ratio of 0.89, a current ratio of 1.80 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $22.17 billion, a PE ratio of 12.22 and a beta of 0.65. Tyson Foods has a 12 month low of $42.57 and a 12 month high of $94.24. The stock has a 50 day moving average price of $59.27 and a two-hundred day moving average price of $60.82.
Tyson Foods (NYSE:TSN) last posted its earnings results on Sunday, November 15th. The company reported $1.81 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.62. Tyson Foods had a net margin of 4.26% and a return on equity of 12.63%. During the same period in the prior year, the business earned $1.21 earnings per share. Sell-side analysts expect that Tyson Foods will post 4.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Monday, March 1st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from Tyson Foods's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, February 26th. Tyson Foods's payout ratio is presently 30.77%.
Tyson Foods Company Profile
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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