Tyson Foods, Inc. (NYSE:TSN) Sees Significant Decline in Short Interest

Tyson Foods, Inc. (NYSE:TSN) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,540,000 shares, a decline of 21.8% from the February 13th total of 7,080,000 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,400,000 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TSN shares. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.10.

Institutional Trading of Tyson Foods

Several large investors have recently added to or reduced their stakes in TSN. Atria Investments Inc grew its stake in Tyson Foods by 37.8% during the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after buying an additional 3,782 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Tyson Foods during the third quarter worth approximately $339,000. Oppenheimer & Co. Inc. lifted its position in shares of Tyson Foods by 43.3% during the third quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock worth $897,000 after purchasing an additional 4,548 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Tyson Foods by 7.9% during the third quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock worth $2,481,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock worth $593,000 after purchasing an additional 206 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock traded up $0.12 on Wednesday, reaching $60.63. 734,811 shares of the stock were exchanged, compared to its average volume of 2,139,762. The stock has a market cap of $21.60 billion, a PE ratio of 20.48, a PEG ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods has a twelve month low of $53.61 and a twelve month high of $66.88. The firm has a fifty day moving average price of $58.22 and a two-hundred day moving average price of $59.79.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Sell-side analysts anticipate that Tyson Foods will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.30%. Tyson Foods’s dividend payout ratio is 67.57%.

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.