Amarillo National Bank Purchases Shares of 3,475 Tyson Foods, Inc. (NYSE:TSN)

Amarillo National Bank bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,475 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods during the first quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Tyson Foods in the 2nd quarter valued at approximately $54,000. Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the 3rd quarter valued at approximately $59,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in Tyson Foods by 1,566.2% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after acquiring an additional 1,018 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 0.6 %

TSN stock opened at $58.67 on Friday. The firm has a market cap of $20.95 billion, a P/E ratio of -32.96, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88. The business’s 50 day moving average is $61.27 and its 200-day moving average is $59.69. 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 released its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $13.35 billion for 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%. Tyson Foods’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given 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 yield of 3.34%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens assumed coverage on Tyson Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price target for the company. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $59.22.

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.