Community Bank of Raymore Sells 9,835 Shares of Tyson Foods, Inc. (NYSE:TSN)

Community Bank of Raymore lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,300 shares of the company's stock after selling 9,835 shares during the period. Tyson Foods comprises about 2.3% of Community Bank of Raymore's holdings, making the stock its 14th largest holding. Community Bank of Raymore's holdings in Tyson Foods were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. First Financial Corp IN bought a new position in Tyson Foods during the 1st quarter valued at approximately $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods in the 1st quarter worth approximately $42,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company's stock worth $44,000 after acquiring an additional 561 shares in the last quarter. Mather Group LLC. bought a new position in shares of Tyson Foods in the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the 2nd quarter worth approximately $54,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of several research reports. Stephens initiated coverage on Tyson Foods in a research report on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 target price for the company. Barclays increased their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped 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. Finally, BMO Capital Markets upped their price target on 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, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.22.

Tyson Foods Stock Down 1.3 %

TSN traded down $0.81 during trading on Thursday, hitting $59.79. 1,258,815 shares of the company's stock traded hands, compared to its average volume of 2,470,425. The company's 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $59.66. 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 12-month low of $44.94 and a 12-month high of $66.88. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of -996.50, a PEG ratio of 0.35 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to analysts' expectations 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 revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.28%. Tyson Foods's payout ratio is -3,266.67%.

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.