Community Bank of Raymore Sells 4,900 Shares of Tyson Foods, Inc. $TSN

Key Points

• Community Bank of Raymore reduced its stake in Tyson Foods by 10.4%, selling 4,900 shares, which now represent approximately 1.8% of its investment portfolio valued at $2,371,000.
• Tyson Foods reported strong quarterly earnings with $0.91 EPS, exceeding analysts' expectations, and announced a share buyback program allowing for the repurchase of 43 million shares.
• The company also declared a quarterly dividend of $0.50 per share, with a yield of 3.8%, reflecting a dividend payout ratio of 90.91%.

Community Bank of Raymore trimmed its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 42,378 shares of the company's stock after selling 4,900 shares during the period. Tyson Foods accounts for approximately 1.8% of Community Bank of Raymore's investment portfolio, making the stock its 18th biggest position. Community Bank of Raymore's holdings in Tyson Foods were worth $2,371,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSN. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 96.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,835 shares of the company's stock valued at $2,223,000 after acquiring an additional 17,127 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Tyson Foods in the 1st quarter valued at $1,658,000. State of Alaska Department of Revenue lifted its stake in shares of Tyson Foods by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 33,516 shares of the company's stock valued at $2,138,000 after acquiring an additional 925 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of Tyson Foods in the 1st quarter valued at $207,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Tyson Foods by 73.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,874 shares of the company's stock valued at $1,332,000 after acquiring an additional 8,813 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $52.53 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $55.04 and a 200 day simple moving average of $55.95. Tyson Foods, Inc. has a twelve month low of $51.07 and a twelve month high of $65.95. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.86 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the business posted $0.87 EPS. The business's revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. JP Morgan Cazenove decreased their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Bank of America decreased their price objective on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Zacks Research downgraded Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets decreased their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.92.

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.

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