Creative Planning Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Creative Planning raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 110.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 67,958 shares of the company's stock after acquiring an additional 35,649 shares during the period. Creative Planning's holdings in Tyson Foods were worth $3,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TSN. First Financial Corp IN bought a new position in shares of Tyson Foods in the 1st quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods in the 1st quarter worth approximately $42,000. Mather Group LLC. bought a new position in shares of Tyson Foods in the 1st quarter worth approximately $49,000. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter worth approximately $54,000. Finally, Tompkins Financial Corp lifted its stake in shares of Tyson Foods by 42.1% in the 1st quarter. Tompkins Financial Corp now owns 989 shares of the company's stock worth $58,000 after purchasing an additional 293 shares during the period. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSN. Barclays increased their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. BMO Capital Markets increased their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a report on Tuesday, August 6th. Finally, Stephens assumed coverage on shares of Tyson Foods in a report on Thursday. They issued an "equal weight" rating and a $57.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Trading Up 0.8 %

Shares of NYSE:TSN traded up $0.48 on Friday, hitting $58.55. 1,040,013 shares of the company's stock were exchanged, compared to its average volume of 2,512,822. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of -32.89, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. The business's 50 day simple moving average is $61.97 and its two-hundred day simple moving average is $59.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

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

Tyson Foods Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.35%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

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.