Sierra Summit Advisors LLC Acquires 1,060 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sierra Summit Advisors LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,796 shares of the company’s stock after purchasing an additional 1,060 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Tyson Foods were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. First Financial Corp IN bought a new position in shares of Tyson Foods in the first quarter worth $35,000. Pittenger & Anderson Inc. bought a new position in Tyson Foods in the 1st quarter valued at about $42,000. Lindbrook Capital LLC raised its position in shares of Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.5 %

Shares of NYSE TSN opened at $61.40 on Monday. The company has a 50 day simple moving average of $61.56 and a 200 day simple moving average of $59.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The firm has a market cap of $21.85 billion, a PE ratio of -34.49, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Analyst Ratings Changes

TSN has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. BMO Capital Markets boosted their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.44.

About Tyson Foods

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.