Amarillo National Bank Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Amarillo National Bank trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,550 shares of the company’s stock after selling 850 shares during the period. Amarillo National Bank’s holdings in Tyson Foods were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSN. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. First Financial Corp IN bought a new stake in Tyson Foods in the first quarter worth $35,000. Stone House Investment Management LLC purchased a new stake in Tyson Foods during the fourth quarter valued at about $40,000. Headinvest LLC bought a new position in shares of Tyson Foods during the third quarter valued at about $43,000. Finally, Mather Group LLC. bought a new position in Tyson Foods during the 1st quarter worth approximately $49,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of a number of research analyst reports. Piper Sandler upped their target price on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Citigroup boosted their price objective on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.22.

Tyson Foods Price Performance

Shares of TSN traded down $0.62 during mid-day trading on Thursday, reaching $56.60. The stock had a trading volume of 716,083 shares, compared to its average volume of 1,905,415. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of -31.80, a PEG ratio of 0.41 and a beta of 0.74. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The business has a fifty day moving average of $58.13 and a 200 day moving average of $56.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. Equities analysts predict that Tyson Foods, Inc. will post 2.6 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a yield of 3.46%. Tyson Foods’s dividend payout ratio is currently -110.11%.

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.