Fulton Bank N.A. Reduces Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Fulton Bank N.A. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,606 shares of the company’s stock after selling 1,120 shares during the period. Fulton Bank N.A.’s holdings in Tyson Foods were worth $2,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Financial Corp IN purchased a new position in Tyson Foods in the first quarter worth about $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods in the first quarter worth about $42,000. Mather Group LLC. bought a new position in shares of Tyson Foods in the first quarter worth about $49,000. Hantz Financial Services Inc. bought a new position in shares of Tyson Foods in the second quarter worth about $54,000. Finally, Tompkins Financial Corp raised its stake in shares of Tyson Foods by 42.1% in the first quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock worth $58,000 after buying an additional 293 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 0.5 %

Shares of Tyson Foods stock traded down $0.32 on Monday, reaching $58.23. The company had a trading volume of 1,276,254 shares, compared to its average volume of 2,506,415. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -32.70, a P/E/G ratio of 0.34 and a beta of 0.78. 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 firm’s 50-day moving average price is $61.97 and its two-hundred day moving average price is $59.64. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is currently -110.11%.

Wall Street Analyst Weigh In

TSN has been the topic of several recent research reports. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. Stephens assumed coverage on Tyson Foods in a research note on Thursday. They set an “equal weight” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America decreased their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $59.22.

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.