Simmons Bank Purchases 2,738 Shares of Tyson Foods, Inc. (NYSE:TSN)

Simmons Bank increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 47,489 shares of the company’s stock after acquiring an additional 2,738 shares during the period. Simmons Bank’s holdings in Tyson Foods were worth $2,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TSN. Sugarloaf Wealth Management LLC increased its holdings in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC raised its position in Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in Tyson Foods during the 3rd quarter valued at $39,000. 67.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

Tyson Foods Trading Up 0.7 %

Shares of NYSE TSN traded up $0.39 during trading hours on Tuesday, reaching $58.89. The stock had a trading volume of 3,502,995 shares, compared to its average volume of 2,877,537. The business’s fifty day moving average price is $57.89 and its two-hundred day moving average price is $53.62. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of -23.84, a P/E/G ratio of 0.49 and a beta of 0.74. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. Analysts expect that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Analyst Ratings Changes

TSN has been the subject of several recent analyst reports. HSBC lifted their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday. Citigroup upped their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Piper Sandler raised their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Tyson Foods from $58.00 to $59.00 in a research note on Monday. Finally, BMO Capital Markets raised their price target on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.60.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.