AMG National Trust Bank Acquires New Stake in Tyson Foods, Inc. (NYSE:TSN)

AMG National Trust Bank acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 49,765 shares of the company’s stock, valued at approximately $2,844,000.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its position in Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Barclays PLC raised its position in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp raised its position in Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Tyson Foods during the 4th quarter valued at $22,059,000. Finally, JPMorgan Chase & Co. raised its position in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.3 %

Shares of NYSE:TSN opened at $61.30 on Friday. The business’s 50-day moving average is $57.74 and its 200 day moving average is $60.00. Tyson Foods, Inc. has a 1 year low of $53.59 and a 1 year high of $66.88. The firm has a market capitalization of $21.84 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.10.

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.