Bank of Montreal Can Has $17.57 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Bank of Montreal Can grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 306,966 shares of the company’s stock after buying an additional 14,108 shares during the period. Bank of Montreal Can owned approximately 0.09% of Tyson Foods worth $17,568,000 as of its most recent filing with the SEC.

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

Tyson Foods Trading Up 0.6 %

Shares of NYSE TSN opened at $59.69 on Friday. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The company has a 50-day moving average of $62.06 and a two-hundred day moving average of $59.50. The company has a market cap of $21.31 billion, a PE ratio of -33.53, a P/E/G ratio of 0.42 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a research note on Wednesday. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Bank of America lowered their price target 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. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Barclays upped their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.67.

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.