Tyson Foods, Inc. $TSN Shares Bought by Arvest Bank Trust Division

Arvest Bank Trust Division raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 147.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,170 shares of the company’s stock after purchasing an additional 10,225 shares during the quarter. Arvest Bank Trust Division’s holdings in Tyson Foods were worth $1,100,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Tyson Foods in the 1st quarter valued at approximately $30,000. Cedar Mountain Advisors LLC increased its holdings in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock opened at $57.01 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 1.19 and a beta of 0.40. The stock has a fifty day moving average of $59.60 and a two-hundred day moving average of $61.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, analysts anticipate that Tyson Foods, Inc. will post 4.12 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSN. Sanford C. Bernstein lowered their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Bank of America cut their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Stephens raised their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.