Sierra Summit Advisors LLC Purchases 1,060 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sierra Summit Advisors LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,796 shares of the company’s stock after buying an additional 1,060 shares during the period. Sierra Summit Advisors LLC’s holdings in Tyson Foods were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSN. First Financial Corp IN bought a new position in shares of Tyson Foods in the 1st quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in Tyson Foods in the first quarter worth approximately $42,000. Lindbrook Capital LLC lifted its stake in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares during the period. Mather Group LLC. acquired a new stake in shares of Tyson Foods during the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Barclays raised their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.44.

Tyson Foods Price Performance

TSN opened at $61.40 on Monday. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of -34.49, a P/E/G ratio of 0.43 and a beta of 0.78. The firm’s fifty day moving average price is $61.56 and its two-hundred day moving average price is $59.12.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -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.