44,063 Shares in Tyson Foods, Inc. $TSN Purchased by Community Bank of Raymore

Key Points

• Community Bank of Raymore purchased 44,063 Tyson Foods shares worth approximately $2.23 million, making Tyson about 1.2% of its portfolio. Institutional investors collectively own 67% of the stock.
• Tyson shares opened at $56.72, down 0.6%, and remain below their 52-week high of $69.48. The company reported quarterly EPS of $0.99, while revenue fell slightly year over year to $13.87 billion.
• Tyson declared a quarterly dividend of $0.51 per share, equivalent to a 3.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $66.78.

Community Bank of Raymore bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 44,063 shares of the company's stock, valued at approximately $2,227,000. Tyson Foods comprises about 1.2% of Community Bank of Raymore's holdings, making the stock its 24th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the period. Hsbc Holdings PLC increased its position in Tyson Foods by 57.8% during the first quarter. Hsbc Holdings PLC now owns 930,379 shares of the company's stock worth $59,560,000 after acquiring an additional 340,671 shares during the period. Amundi increased its position in Tyson Foods by 31.6% during the first quarter. Amundi now owns 1,225,806 shares of the company's stock worth $78,537,000 after acquiring an additional 294,328 shares during the period. Bank of America Corp DE grew its position in Tyson Foods by 17.8% in the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company's stock worth $103,195,000 after purchasing an additional 243,060 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Tyson Foods in the 2nd quarter worth $11,267,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Down 0.6%

Shares of TSN stock opened at $56.72 on Friday. Tyson Foods, Inc. has a 52-week low of $49.96 and a 52-week high of $69.48. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 0.94 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The firm has a fifty day moving average of $53.80 and a 200-day moving average of $58.40.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm's revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods's payout ratio is presently 125.93%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Tyson Foods from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $65.00 to $63.00 in a research report on Friday, September 18th. Bank of America decreased their target price on Tyson Foods from $70.00 to $68.00 and set a "neutral" rating on the stock in a research report on Thursday, July 2nd. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating on the stock in a research report on Thursday, July 2nd. BMO Capital Markets lowered their price target on Tyson Foods from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, September 4th. Finally, Piper Sandler reduced their price objective on Tyson Foods from $66.00 to $56.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $66.78.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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