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

Tyson Foods, Inc. (NYSE:TSN) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 6,100,000 shares, a growth of 49.1% from the August 15th total of 4,090,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.2% of the shares of the stock are sold short.

Institutional Trading of Tyson Foods

Hedge funds have recently modified their holdings of the company. First Financial Corp IN bought a new stake in Tyson Foods in the first quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods in the 1st quarter valued at $42,000. Lindbrook Capital LLC lifted its holdings in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after acquiring an additional 214 shares in the last quarter. Mather Group LLC. acquired a new position in Tyson Foods in the first quarter valued at about $49,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods in the second quarter worth about $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.7 %

Shares of TSN traded up $0.43 on Monday, reaching $61.83. 1,341,582 shares of the company’s stock were exchanged, compared to its average volume of 2,546,320. The business has a 50 day moving average price of $61.67 and a two-hundred day moving average price of $59.17. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $66.88. The stock has a market capitalization of $22.00 billion, a P/E ratio of -34.74, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.17%. Tyson Foods’s payout ratio is currently -110.11%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America decreased their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays lifted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $61.44.

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.