Tyson Foods to divest pet treats business to General Mills for ~$1.2B

  • Tyson Foods (NYSE:TSN) is selling its pet treats business to General Mills (NYSE:GIS) for approximately $1.2B.
  • Sales generated by Tyson's pet treat business totaled more than $240 million in the 12 months ended April 3, 2021.
  • Tyson Foods ' pet treats business and ~300 team members will become part of General Mills after the sale is completed.

    For this year Tyson Foods 's revenue will be around 44.96 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 43.19 billion USD.

    Historical revenues and results Tyson Foods plus estimates 2020

    koersdata

    The analysts expect for 2021 a net profit of 2.16 billion USD. For this year the consensus of Tyson Foods 's result per share is a profit of 6.04 USD. The PE-ratio therefore is 13.34.

    Analysts expect a dividend of 1.8 USD per share. Thus the dividend yield equals 2.23 percent. The average dividend yield of the restaurants & bars companies is a limited 1.42 percent.

    Based on the current number of outstanding shares Tyson Foods 's market capitalization is 23.85 billion USD. The Tyson Foods stock was the past 12 months quite unstable. Since last May the stock is even 40 percent higher. This year the stock price moved between 55 and 82 dollar.

    Historical stock prices Tyson Foods2007-2021

    stock prices tysonfoods

    On Thursday the stock closed at 80.58 USD.

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