Community Bank of Raymore Makes New $2.23 Million Investment in Tyson Foods, Inc. $TSN

Community Bank of Raymore bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 44,063 shares of the company’s stock, valued at approximately $2,227,000. Tyson Foods makes up approximately 1.2% of Community Bank of Raymore’s investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its holdings in Tyson Foods by 5.2% during the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Tyson Foods in the 2nd quarter worth approximately $11,267,000. Swiss National Bank boosted its holdings in shares of Tyson Foods by 6.1% in the 1st quarter. Swiss National Bank now owns 830,700 shares of the company’s stock worth $53,223,000 after acquiring an additional 47,900 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Tyson Foods by 10.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company’s stock worth $35,589,000 after acquiring an additional 59,451 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in Tyson Foods during the 2nd quarter worth approximately $1,822,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $56.72 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The firm has a market cap of $19.95 billion, a P/E ratio of 35.01, a P/E/G ratio of 0.94 and a beta of 0.40. The firm has a 50 day simple moving average of $53.80 and a 200 day simple moving average of $58.40. Tyson Foods, Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Tyson Foods’s revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is 125.93%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. Weiss Ratings raised Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. BMO Capital Markets cut their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Barclays reduced their price objective on Tyson Foods from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, September 4th. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Finally, HSBC lowered their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $66.78.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.