The stock of Tyson Foods Inc. (NYSE:TSN) last traded at $49.96, down -0.02% from the previous session.
Data from the available sources indicates that Tyson Foods Inc. (NYSE:TSN) is covered by 12 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $48.00, we find $55.00. Given the previous closing price of $49.97, this indicates a potential upside of 10.07 percent. TSN stock price is now -13.54% away from the 50-day moving average and -23.24% away from the 200-day moving average. The market capitalization of the company currently stands at $17.77B.
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In total, 7 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $57.60 as their price target over the next twelve months.
In other news, MCNAMARA KEVIN M, Director bought 20,500 shares of the company’s stock on May 12. The stock was bought for $1,002,803 at an average price of $48.92. Upon completion of the transaction, the Director now directly owns 115,670 shares in the company, valued at $5.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, EVP & Chief People Officer Soderstrom Johanna bought 5,000 shares of the business’s stock. A total of $246,108 was incurred on buying the stock at an average price of $49.22. This leaves the insider owning 32,847 shares of the company worth $1.64 million. Insiders disposed of 115,346 shares of company stock worth roughly $5.76 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSN stock. A new stake in Tyson Foods Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $181,412,000. BALYASNY ASSET MANAGEMENT L.P. invested $35,014,000 in shares of TSN during the first quarter. In the first quarter, CANDLESTICK CAPITAL MANAGEMENT LP acquired a new stake in Tyson Foods Inc. valued at approximately $31,974,000. POPLAR FOREST CAPITAL LLC acquired a new stake in TSN for approximately $18,472,000. ARMISTICE CAPITAL, LLC purchased a new stake in TSN valued at around $14,888,000 in the second quarter. In total, there are 1,191 active investors with 86.30% ownership of the company’s stock.
With an opening price of $50.00 on Friday morning, Tyson Foods Inc. (NYSE: TSN) set off the trading day. During the past 12 months, Tyson Foods Inc. has had a low of $47.11 and a high of $92.32. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.70, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $25.20B, which is based on a 11.95 price-to-earnings ratio, a 1.59 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for TSN is $57.63 and a two-hundred day moving average price translates $64.90 for the stock.
The latest earnings results from Tyson Foods Inc. (NYSE: TSN) was released for Mar, 2023. According to the Farm Products Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.8 by -0.84. This compares to $2.29 EPS in the same period last year. The net profit margin was 2.80% and return on equity was 7.70% for TSN. The company reported revenue of $13.13 billion for the quarter, compared to $13.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.12 percent. For the current quarter, analysts expect TSN to generate $13.61B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 3.84% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, TSN is presently at 44.70%.
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