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

Simmons Bank increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,489 shares of the company’s stock after purchasing an additional 2,738 shares during the quarter. Simmons Bank’s holdings in Tyson Foods were worth $2,553,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSN. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Tyson Foods by 1.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock worth $3,271,000 after purchasing an additional 1,068 shares during the period. Raymond James & Associates raised its holdings in Tyson Foods by 2.6% during the 3rd quarter. Raymond James & Associates now owns 183,668 shares of the company’s stock valued at $9,273,000 after acquiring an additional 4,618 shares during the period. Lindbrook Capital LLC raised its holdings in Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tyson Foods by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company’s stock valued at $5,511,000 after acquiring an additional 4,382 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in Tyson Foods by 3.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company’s stock valued at $2,853,000 after acquiring an additional 1,755 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN traded up $0.39 during midday trading on Tuesday, hitting $58.89. The company had a trading volume of 3,502,995 shares, compared to its average volume of 2,877,537. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The stock’s fifty day moving average price is $57.89 and its 200-day moving average price is $53.62. The company has a market capitalization of $20.99 billion, a PE ratio of -23.84, a P/E/G ratio of 0.49 and a beta of 0.74. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

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

Tyson Foods Dividend Announcement

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

Insider Buying and Selling at Tyson Foods

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

Analyst Ratings Changes

A number of brokerages have issued reports on TSN. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Piper Sandler boosted their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup boosted their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price target on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.60.

Tyson Foods 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.