CoreFirst Bank & Trust Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

CoreFirst Bank & Trust bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares during the period. Barclays PLC lifted its position in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Raymond James Financial Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at $22,059,000. Finally, JPMorgan Chase & Co. increased its stake in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after buying an additional 352,863 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.7 %

NYSE TSN opened at $59.93 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a 50-day simple moving average of $58.74 and a 200-day simple moving average of $59.62. The firm has a market capitalization of $21.35 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Analyst Ratings Changes

A number of research firms have weighed in on TSN. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.10.

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.