The General Counsel of Tyson Foods is Exercising Options

By Carrie Williams

Today, the General Counsel of Tyson Foods, David Van-Bebber, exercised options of Tyson Foods for $13.68M.

Following David Van-Bebber’s last TSN Sell transaction on March 28, 2016, the stock climbed by 17.3%. In addition to David Van-Bebber, 5 other TSN executives reported Sell trades in the last month.

Based on Tyson Foods’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.15 billion and quarterly net profit of $394 million. In comparison, last year the company earned revenue of $9.16 billion and had a net profit of $391 million. The company has a one-year high of $84.65 and a one-year low of $57.20. TSN’s market cap is $30.03B and the company has a P/E ratio of 17.15.

Six different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $82.11, reflecting a 1.2% upside.

The insider sentiment on Tyson Foods has been negative according to 65 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Tyson Foods, Inc. engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products.