Tyson Foods Inc. (NYSE: TSN) stock fell -0.02% on Thursday to $51.76 against a previous-day closing price of $51.77. With 3.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.68 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $51.99 whereas the lowest price it dropped to was $51.26. The 52-week range on TSN shows that it touched its highest point at $92.32 and its lowest point at $47.11 during that stretch. It currently has a 1-year price target of $57.89. With its current market cap of 18.41 billion, TSN has annualized dividend of $1.92 while the current yield stands at 3.71%. Beta for the stock currently stands at 0.77.
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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 up-trending over the past week, with a rise of 3.58%, but this was down by -14.23% over a month. Three-month performance dropped to -15.47% while six-month performance fell -23.11%. The stock lost -41.68% in the past year, while it has lost -16.85% so far this year. A look at the trailing 12-month EPS for TSN yields 4.18 with Next year EPS estimates of 3.77. For the next quarter, that number is 0.27. This implies an EPS growth rate of 6.90% for this year and 103.68% 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 13.20%.
Float and Shares Shorts:
At present, 354.00 million TSN shares are outstanding with a float of 283.29 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.63 million, which was 1.30% higher than short shares on Mar 30, 2023. 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 84.86% of TSN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.08% of TSN, in contrast to 47.89% held by mutual funds. Shares owned by individuals account for 35.14%. As the largest shareholder in TSN with 12.88% of the stake, The Vanguard Group, Inc. holds 36,781,049 shares worth 36,781,049. A second-largest stockholder of TSN, BlackRock Fund Advisors, holds 15,264,505 shares, controlling over 5.34% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TSN, holding 13,699,267 shares or 4.80% stake. With a 3.10% stake in TSN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,863,589 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of TSN stock, is the second-largest Mutual Fund holder. It holds 6,704,203 shares valued at 418.95 million. Vanguard Mid Cap Index Fund holds 2.33% of the stake in TSN, owning 6,663,890 shares worth 416.43 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 31, 2023, TSN reported revenue of $13.49B and operating income of $1.03B. The EBITDA in the recently reported quarter was $1.37B and diluted EPS was $2.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSN since 0 analysts follow the stock currently. 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 $70.00 and a low target of $48.00, the average target price over the next 12 months is $57.60. Based on these targets, TSN could surge 35.24% to reach the target high and fall by -7.26% to reach the target low. Reaching the average price target will result in a growth of 11.28% 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.
Summary of Insider Activity:
Insiders traded TSN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 418,473 while 115,346 shares were sold.