In yesterday’s Wall Street session, Tyson Foods, Inc. (NYSE:TSN) shares traded at $56.15, up 0.18% from the previous session.
TSN stock price is now 3.62% away from the 50-day moving average and 8.59% away from the 200-day moving average. The market capitalization of the company currently stands at $19.62B.
With the price target enhanced from $47 to $62, BofA Securities Upgraded its rating from Underperform to Neutral for Tyson Foods, Inc. (NYSE: TSN). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $56, while ‘HSBC Securities’ rates the stock as ‘Reduce’
In other news, White Noel W, Director sold 9,000 shares of the company’s stock on Feb 20 ’24. The stock was sold for $483,748 at an average price of $53.75. Upon completion of the transaction, the Director now directly owns 31,115 shares in the company, valued at $1.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17 ’23, Group President Poultry MORRIS WES sold 9,362 shares of the business’s stock. A total of $450,406 was realized by selling the stock at an average price of $48.11. This leaves the insider owning 33,397 shares of the company worth $1.88 million. A total of 20.14% of the company’s stock is owned by insiders.
During the past 12 months, Tyson Foods, Inc. has had a low of $44.94 and a high of $63.28. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.49, and a quick ratio of 0.67. The fifty day moving average price for TSN is $54.22 and a two-hundred day moving average price translates $51.73 for the stock.
The latest earnings results from Tyson Foods, Inc. (NYSE: TSN) was released for Dec, 2023. According to the Farm Products Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.41 by 0.28. This compares to $0.89 EPS in the same period last year. The net profit margin was -1.62% and return on equity was -4.54% for TSN. The company reported revenue of $13.32 billion for the quarter, compared to $13.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.44 percent. For the current quarter, analysts expect TSN to generate $13.06B in revenue.
Tyson Foods, Inc.(TSN) 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 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. It also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, and State Fair brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors who serve restaurants and food service operations, such as plant and school cafeterias, convenience stores, hospitals, and other vendors, as well as through independent brokers and trading companies. The company was founded in 1935 and is headquartered in Springdale, Arkansas.
