rts logo

Why Tyson Foods, Inc. (TSN) Stock Could See Much Higher Prices Ahead

Tyson Foods, Inc. (NYSE: TSN) is 0.67% higher on its value in year-to-date trading and has touched a low of $44.94 and a high of $63.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TSN stock was last observed hovering at around $53.67 in the last trading session, with the day’s gains setting it 0.44%.

Currently trading at $54.11, the stock is 1.45% and 0.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 0.82% at the moment leaves the stock 4.85% off its SMA200. TSN registered -7.52% loss for a year compared to 6-month gain of 5.42%. The firm has a 50-day simple moving average (SMA 50) of $0.52 and a 200-day simple moving average (SMA200) of $32.99.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 0.32% loss in the last 1 month and extending the period to 3 months gives it a 7.81%, and is 1.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.84% over the month.

Tyson Foods, Inc. (TSN) has around 139000 employees, a market worth around $18.90B and $52.94B in sales. Fwd P/E is 15.24. Profit margin for the company is -1.62%. Distance from 52-week low is 20.40% and -14.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.23%).

Tyson Foods, Inc. quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $13.06B over the same period.The EPS is expected to grow by 67.85% this year, but quarterly earnings will post 0.10% year-over-year.

Tyson Foods, Inc. (TSN) Top Institutional Holders

1,041 institutions hold shares in Tyson Foods, Inc. (TSN), with institutional investors hold 86.15% of the company’s shares. The shares outstanding are 285.23M, and float is at 278.98M with Short Float at 1.72%. Institutions hold 84.09% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 37.97 million shares valued at $1.94 billion. The investor’s holdings represent 13.30% of the TSN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 21.18 million shares valued at $1.08 billion to account for 7.42% of the shares outstanding. The other top investors are State Street Corporation which holds 13.49 million shares representing 4.73% and valued at over $688.68 million, while Price (T.Rowe) Associates Inc holds 4.61% of the shares totaling 13.17 million with a market value of $672.28 million.

Tyson Foods, Inc. (TSN) Insider Activity

The most recent transaction is an insider sale by White Noel W,the company’sDirector. SEC filings show that White Noel W sold 9,000 shares of the company’s common stock on Feb 20 ’24 at a price of $53.75 per share for a total of $0.48 million. Following the sale, the insider now owns 31115.0 shares.

Tyson Foods, Inc. disclosed in a document filed with the SEC on Nov 17 ’23 that MORRIS WES (Group President Poultry) sold a total of 9,362 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $48.11 per share for $0.45 million. Following the transaction, the insider now directly holds 33397.0 shares of the TSN stock.

Still, SEC filings show that on Nov 17 ’23, MORRIS WES (Group President Poultry) disposed off 1,000 shares at an average price of $48.13 for $48128.0. The insider now directly holds 0 shares of Tyson Foods, Inc. (TSN).

Related Posts