Tyson Foods, Inc. (NYSE:TSN) Short Interest Down 25.3% in April


Share on StockTwits

Tyson Foods, Inc. (NYSE:TSN) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,570,000 shares, a decrease of 25.3% from the March 31st total of 3,440,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 2,090,000 shares, the short-interest ratio is currently 1.2 days.

In other Tyson Foods news, insider Jason Nichol sold 1,114 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $74.00, for a total value of $82,436.00. Following the sale, the insider now owns 3,437 shares of the company’s stock, valued at approximately $254,338. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shane Miller sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $77.00, for a total value of $385,000.00. Following the completion of the sale, the insider now directly owns 12,934 shares in the company, valued at approximately $995,918. The disclosure for this sale can be found here. Corporate insiders own 1.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Advisors of Tampa Bay LLC grew its position in Tyson Foods by 0.4% during the 1st quarter. Wealth Advisors of Tampa Bay LLC now owns 34,382 shares of the company’s stock worth $2,555,000 after acquiring an additional 150 shares during the last quarter. Trust Investment Advisors grew its position in shares of Tyson Foods by 0.9% in the 4th quarter. Trust Investment Advisors now owns 16,299 shares of the company’s stock worth $1,050,000 after buying an additional 152 shares during the last quarter. Bay Rivers Group grew its position in shares of Tyson Foods by 0.8% in the 1st quarter. Bay Rivers Group now owns 20,272 shares of the company’s stock worth $1,506,000 after buying an additional 159 shares during the last quarter. NorthCoast Asset Management LLC grew its position in shares of Tyson Foods by 1.4% in the 4th quarter. NorthCoast Asset Management LLC now owns 13,538 shares of the company’s stock worth $874,000 after buying an additional 186 shares during the last quarter. Finally, RDA Financial Network grew its position in shares of Tyson Foods by 5.0% in the 4th quarter. RDA Financial Network now owns 3,891 shares of the company’s stock worth $251,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

Separately, Stephens raised their price target on Tyson Foods from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, April 15th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $75.14.

Shares of Tyson Foods stock traded down $0.72 during trading on Tuesday, hitting $77.78. 2,796,051 shares of the stock traded hands, compared to its average volume of 2,131,358. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.69. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 3.58 and a beta of 0.76. The firm’s fifty day moving average is $76.75 and its 200-day moving average is $67.86. Tyson Foods has a 52 week low of $54.77 and a 52 week high of $79.77.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 11th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.49 by $0.45. The firm had revenue of $10.46 billion for the quarter, compared to analyst estimates of $11.08 billion. Tyson Foods had a return on equity of 13.79% and a net margin of 4.96%. During the same period in the prior year, the company earned $1.66 EPS. On average, analysts forecast that Tyson Foods will post 5.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be given a dividend of $0.445 per share. The ex-dividend date is Friday, May 28th. This represents a $1.78 annualized dividend and a yield of 2.29%. Tyson Foods’s payout ratio is 31.56%.

Tyson Foods 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 live market 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; and supplies poultry breeding stock; sells specialty products , such as hides and meats.

Featured Story: Derivative

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.