JB Capital LLC Raises Stake in Tyson Foods, Inc. (NYSE:TSN)

JB Capital LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,008 shares of the company’s stock after purchasing an additional 1,719 shares during the quarter. JB Capital LLC’s holdings in Tyson Foods were worth $3,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Financial Corp IN acquired a new stake in Tyson Foods during the first quarter valued at approximately $35,000. Pittenger & Anderson Inc. purchased a new stake in shares of Tyson Foods during the first quarter valued at $42,000. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares during the period. Mather Group LLC. purchased a new position in Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Tompkins Financial Corp grew its holdings in shares of Tyson Foods by 42.1% during the first quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock valued at $58,000 after buying an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price objective on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. HSBC lifted their price objective on Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a report on Tuesday, May 7th. Piper Sandler raised their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Price Performance

TSN traded up $0.45 on Friday, hitting $63.46. 1,961,765 shares of the stock were exchanged, compared to its average volume of 2,577,082. The business has a 50-day moving average of $59.08 and a two-hundred day moving average of $57.87. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of -35.40, a PEG ratio of 0.43 and a beta of 0.74. 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, Inc. has a 12 month low of $44.94 and a 12 month high of $63.90.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.21 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

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.