Bank of Montreal Can Buys 14,108 Shares of Tyson Foods, Inc. (NYSE:TSN)

Bank of Montreal Can grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 306,966 shares of the company's stock after buying an additional 14,108 shares during the period. Bank of Montreal Can owned approximately 0.09% of Tyson Foods worth $17,568,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSN. EverSource Wealth Advisors LLC lifted its stake in Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company's stock valued at $103,000 after buying an additional 198 shares in the last quarter. Ridgewood Investments LLC boosted its stake in Tyson Foods by 0.8% in the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company's stock worth $1,512,000 after purchasing an additional 199 shares during the period. Lindbrook Capital LLC increased its holdings in Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company's stock worth $43,000 after purchasing an additional 214 shares in the last quarter. Unison Advisors LLC raised its stake in shares of Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company's stock valued at $1,460,000 after purchasing an additional 214 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company's stock valued at $546,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE:TSN traded up $0.37 on Friday, hitting $59.69. The company's stock had a trading volume of 1,759,561 shares, compared to its average volume of 2,537,711. 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, Inc. has a one year low of $44.94 and a one year high of $66.88. The stock has a fifty day moving average of $62.06 and a two-hundred day moving average of $59.53. The firm has a market capitalization of $21.31 billion, a P/E ratio of -33.53, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Research analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods's dividend payout ratio is currently -110.11%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSN. Barclays lifted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $57.00 to $50.00 in a research note on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and an average target price of $60.67.

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.