Plancorp LLC Buys Shares of 4,724 Tyson Foods, Inc. (NYSE:TSN)

Plancorp LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,724 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. First Financial Corp IN bought a new stake in Tyson Foods during the 1st quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods in the first quarter worth $42,000. Lindbrook Capital LLC increased its holdings in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. bought a new position in Tyson Foods during the 1st quarter worth $49,000. Finally, Hantz Financial Services Inc. acquired a new position in Tyson Foods during the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.1 %

TSN opened at $61.80 on Wednesday. The company has a fifty day moving average price of $61.79 and a two-hundred day moving average price of $59.23. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The company has a market cap of $21.99 billion, a P/E ratio of -34.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Barclays raised their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.44.

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.