Tyson Foods Inc. (NYSE: TSN) stock fell -0.43% on Friday to $71.01 against a previous-day closing price of $71.32. With 1.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $71.67 whereas the lowest price it dropped to was $70.76. The 52-week range on TSN shows that it touched its highest point at $100.72 and its lowest point at $71.21 during that stretch. It currently has a 1-year price target of $92.33. With its current market cap of 25.57 billion, TSN has annualized dividend of $1.84 while the current yield stands at 2.59%. Beta for the stock currently stands at 0.70.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSN was down-trending over the past week, with a drop of -1.51%, but this was down by -11.05% over a month. Three-month performance dropped to -15.42% while six-month performance fell -17.17%. The stock lost -5.92% in the past year, while it has lost -18.53% so far this year. A look at the trailing 12-month EPS for TSN yields 11.15 with Next year EPS estimates of 7.68. For the next quarter, that number is 1.77. This implies an EPS growth rate of 48.00% for this year and -13.18% for next year. EPS is expected to grow by 7.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.00%.
Float and Shares Shorts:
At present, 359.00 million TSN shares are outstanding with a float of 282.94 million shares on hand for trading. On Aug 30, 2022, short shares totaled 4.26 million, which was 1.19% higher than short shares on Jul 28, 2022. In addition to Mr. Donnie D. King as the firm’s Pres, CEO & Director, Mr. Noel White serves as its Exec. Vice Chairman.
Through their ownership of 87.29% of TSN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.01% of TSN, in contrast to 4.89% held by mutual funds. Shares owned by individuals account for 36.81%. As the largest shareholder in TSN with 12.63% of the stake, The Vanguard Group, Inc. holds 36,580,911 shares worth 36,580,911. A second-largest stockholder of TSN, BlackRock Fund Advisors, holds 15,417,270 shares, controlling over 5.32% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TSN, holding 14,415,878 shares or 4.98% stake. With a 2.98% stake in TSN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 8,632,485 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.31% of TSN stock, is the second-largest Mutual Fund holder. It holds 6,691,061 shares valued at 504.37 million. Vanguard 500 Index Fund holds 2.25% of the stake in TSN, owning 6,507,291 shares worth 490.52 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSN since 15 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TSN analysts setting a high price target of $111.00 and a low target of $79.00, the average target price over the next 12 months is $92.72. Based on these targets, TSN could surge 56.32% to reach the target high and rise by 11.25% to reach the target low. Reaching the average price target will result in a growth of 30.57% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TSN will report FY 2022 earnings on 11/14/2022. Analysts have provided yearly estimates in a range of $9.15 being high and $8.50 being low. For TSN, this leads to a yearly average estimate of $8.87. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tyson Foods Inc. surprised analysts by -$0.03 when it reported $1.94 EPS against a consensus estimate of $1.97. The surprise factor in the prior quarter was $0.40. Based on analyst estimates, the high estimate for the next quarter is $2.04 and the low estimate is $1.62. The average estimate for the next quarter is thus $1.78.
Summary of Insider Activity:
Insiders traded TSN stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 37 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 71 over the past year. The total number of shares bought during that period was 455,991 while 483,796 shares were sold.