Short Interest in Tyson Foods, Inc. (NYSE:TSN) Increases By 171,823.1%

Key Points

• Short interest in Tyson Foods surged by 171,823.1% in July, reaching a total of 8,940,000 shares, indicating a significant shift in investor sentiment.
• Tyson Foods is experiencing increased institutional trading, with key investors like Vanguard and Pzena Investment Management boosting their holdings.
• The company recently announced a quarterly dividend of $0.50 per share, reflecting a dividend yield of 3.8%, emphasizing ongoing shareholder return despite market fluctuations.

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 8,940,000 shares, anincreaseof171,823.1% from the June 30th total of 5,200 shares. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is presently 3.0 days. Currently,3.2% of the company's stock are sold short. Currently,3.2% of the company's stock are sold short. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of Tyson Foods

A number of large investors have recently made changes to their positions in TSN. Vanguard Group Inc. lifted its holdings in shares of Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after purchasing an additional 247,051 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 3.4% during the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company's stock worth $766,865,000 after purchasing an additional 444,648 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tyson Foods by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the period. Northern Trust Corp lifted its holdings in shares of Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock worth $302,315,000 after purchasing an additional 36,941 shares during the period. Finally, Davis Selected Advisers boosted its position in shares of Tyson Foods by 51.9% during the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSN. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Stephens reduced their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.70.

Tyson Foods Price Performance

Shares of TSN traded up $0.08 during trading hours on Friday, hitting $52.38. 1,749,567 shares of the stock were exchanged, compared to its average volume of 2,687,292. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The stock's 50-day moving average price is $54.97 and its two-hundred day moving average price is $57.59. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.72 and a beta of 0.59. Tyson Foods has a 12-month low of $51.85 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the prior year, the company posted $0.62 EPS. The company's quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 77.82%.

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.

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