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

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

Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN traded down $0.30 during trading hours on Tuesday, hitting $60.66. 1,878,070 shares of the company’s stock traded hands, compared to its average volume of 2,758,549. Tyson Foods has a 1 year low of $44.94 and a 1 year high of $63.28. The business has a fifty day moving average price of $57.26 and a 200-day moving average price of $53.15. The firm has a market capitalization of $21.61 billion, a P/E ratio of -24.56, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

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

Tyson Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stephens reissued an “overweight” rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. BMO Capital Markets increased their price target on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler raised their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

A number of hedge funds have recently bought and sold shares of TSN. Norden Group LLC acquired a new position in shares of Tyson Foods during the first quarter worth $634,000. Van ECK Associates Corp increased its position in shares of Tyson Foods by 27.1% during the first quarter. Van ECK Associates Corp now owns 876,337 shares of the company’s stock worth $51,468,000 after purchasing an additional 186,840 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Tyson Foods by 11.3% during the first quarter. Arkadios Wealth Advisors now owns 14,996 shares of the company’s stock worth $881,000 after purchasing an additional 1,526 shares in the last quarter. Caprock Group LLC increased its position in shares of Tyson Foods by 66.2% in the 1st quarter. Caprock Group LLC now owns 9,321 shares of the company’s stock valued at $547,000 after acquiring an additional 3,712 shares during the period. Finally, Naples Global Advisors LLC increased its position in shares of Tyson Foods by 2.8% in the 1st quarter. Naples Global Advisors LLC now owns 20,836 shares of the company’s stock valued at $1,224,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

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.