The Group Pres Prepared Foods of Tyson Foods is Exercising Options

By Carrie Williams

Today it was reported that the Group Pres Prepared Foods of Tyson Foods (TSNResearch Report), Sally Grimes, exercised options to sell 57,774 TSN shares at $53.03 a share, for a total transaction value of $4.91M.

Following Sally Grimes’ last TSN Sell transaction on May 10, 2019, the stock climbed by 6.8%. In addition to Sally Grimes, one other TSN executive reported Sell trades in the last month.

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Based on Tyson Foods’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $10.93 billion and quarterly net profit of $676 million. In comparison, last year the company earned revenue of $10.03 billion and had a net profit of $541 million. TSN’s market cap is $30.85B and the company has a P/E ratio of 14.74. Currently, Tyson Foods has an average volume of 115.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $88.57, reflecting a 2.7% upside.

The insider sentiment on Tyson Foods has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Sally Grimes’ trades have generated a -16.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.