Security National Bank of Sioux City Iowa IA Purchases 1,018 Shares of Tyson Foods, Inc. (NYSE:TSN)

Security National Bank of Sioux City Iowa IA lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 4.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,791 shares of the company’s stock after buying an additional 1,018 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Tyson Foods were worth $1,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. EverSource Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after acquiring an additional 198 shares in the last quarter. Ridgewood Investments LLC lifted its position in Tyson Foods by 0.8% during the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after purchasing an additional 199 shares during the last quarter. Lindbrook Capital LLC grew its stake in Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares in the last quarter. Unison Advisors LLC grew its stake in Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after buying an additional 214 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Tyson Foods by 2.5% in the 2nd quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $59.68 on Friday. The company has a market capitalization of $21.31 billion, a P/E ratio of -33.53, a PEG ratio of 0.42 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The stock has a 50 day moving average price of $62.06 and a two-hundred day moving average price of $59.47.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.28%. Tyson Foods’s payout ratio is presently -110.11%.

Analysts Set New Price Targets

TSN has been the subject of a number of research analyst reports. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $57.00 to $50.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets increased their price objective on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Bank of America cut 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.67.

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.