Insider Buying: Tyson Foods, Inc. (TSN) Director Purchases 2,700 Shares of Stock
Tyson Foods, Inc. (NYSE:TSN) Director Jeffrey K. Schomburger bought 2,700 shares of the company’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $74.83 per share, for a total transaction of $202,041.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up $0.02 during trading hours on Monday, reaching $74.89. The company had a trading volume of 1,325,868 shares, compared to its average volume of 2,264,606. Tyson Foods, Inc. has a 1 year low of $57.20 and a 1 year high of $84.65. The company has a market cap of $27,590.00, a P/E ratio of 9.78 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts predict that Tyson Foods, Inc. will post 6.65 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Tyson Foods by 10.6% during the 4th quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock valued at $1,836,900,000 after purchasing an additional 2,168,652 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after acquiring an additional 980,069 shares during the period. Iridian Asset Management LLC CT lifted its position in shares of Tyson Foods by 13.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after acquiring an additional 629,241 shares during the period. Wells Fargo & Company MN lifted its position in shares of Tyson Foods by 98.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after acquiring an additional 2,035,714 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Tyson Foods by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock worth $283,668,000 after acquiring an additional 14,313 shares during the period. Hedge funds and other institutional investors own 70.80% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Monday. Credit Suisse Group set a $78.00 price objective on Tyson Foods and gave the company a “hold” rating in a report on Friday. Piper Jaffray Companies set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Friday. Mizuho set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Friday. Finally, Jefferies Group reissued a “buy” rating on shares of Tyson Foods in a report on Thursday. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and an average price target of $76.31.
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.
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