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

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 5,540,000 shares, a decrease of 21.8% from the February 13th total of 7,080,000 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.0% of the company's shares are short sold.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently modified their holdings of TSN. 111 Capital acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $1,429,000. Wealth Enhancement Advisory Services LLC grew its position in Tyson Foods by 66.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company's stock worth $1,017,000 after buying an additional 7,092 shares in the last quarter. Probity Advisors Inc. increased its stake in Tyson Foods by 5.0% during the 4th quarter. Probity Advisors Inc. now owns 5,390 shares of the company's stock worth $310,000 after acquiring an additional 256 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of Tyson Foods in the 4th quarter valued at approximately $65,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Tyson Foods during the 4th quarter worth approximately $25,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock remained flat at $60.42 on Friday. The stock had a trading volume of 890,189 shares, compared to its average volume of 2,132,584. Tyson Foods has a one year low of $53.61 and a one year high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm's 50 day moving average is $58.43 and its 200-day moving average is $59.80. The firm has a market cap of $21.52 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

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Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. Analysts predict that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSN. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Stephens increased 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 dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Finally, Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.10.

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.