Shares are trading at $72.91 a tad above $69.24, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $63.94. The 50 day moving average was up $3.67 and the 200 day average moved up $8.97. Tyson Foods, Inc. shares had a trading volume of 2,191K on Tuesday. Overall, volume was up 26.35% over the stocks normal daily volume.
Investors are more bullish on Tyson Foods, Inc. if you put credence in the downtick in short interest. The company recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -6.12%. Short interest fell 435,203 over that period. Days to cover increased 1.0 to 4.0 and the percentage of shorted shares is 0.02% as of October 13.
These firms have modified their investment in TSN. Highstreet Asset Management Inc. reduced its ownership by shedding 1,629 shares a decrease of 42.4% in the quarter. Highstreet Asset Management Inc. currently owns 2,211 shares valued at $156,000. The total value of its holdings decreased 35.3%. As of quarter end Ifc Holdings Incorporated/fl had bought 6 shares growing its stake by 0.2%. The value of the investment in Tyson Foods, Inc. increased from $238,000 to $267,000 a change of $29,000 quarter over quarter.
Simplex Trading, LLC expanded its position by buying 13,016 shares an increase of 362.2% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC now holds 16,610 shares with a value of $1,170,000. The value of the position overall is up by 420.0%. As of the end of the quarter Andra Ap-fonden had disposed of a total of 7,800 shares trimming its holdings by 10.6%. The value of the company’s investment in Tyson Foods, Inc. went from $4,628,000 to $4,657,000 a change of 0.6% since the last quarter.
On October 2 Barclays maintained a stock rating of “Overweight” and raised the price expectation to $80.00 from $70.00. October 2 investment analysts at Credit Suisse maintained a company rating of “Overweight” and raised the price target from $70.00 to $80.00.
On October 3 Jefferies held the stock rating at “Buy” but moved up the price target to $82.00 from $75.00.
The company is now up by 2.01% since yesterday’s close of $72.91. The company announced a dividend to be paid on Friday the 15th of December 2017. The dividend will be $0.225 per share for the quarter or $0.90 on an annualized basis. This dividend represents a yield of $1.27. The ex-dividend date is as of Wednesday the 30th of August 2017.
The company currently has a P/E ratio of 15.37 and market capitalization is 26.75B. In the latest earnings report the EPS was $4.74 and is estimated to be $5.25 for the current year with 366,897,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.50 with next year’s EPS projected to be $5.81.
Tyson Foods, Inc., launched on January 31, 1986, is a food company, which is involved in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress, Inc. (Cobb), the Company is involved in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and refrigerated food products..