Hedges Asset Management LLC Decreases Position in Tyson Foods, Inc. $TSN

Hedges Asset Management LLC decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,700 shares of the company’s stock after selling 6,500 shares during the period. Hedges Asset Management LLC’s holdings in Tyson Foods were worth $1,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. lifted its stake in shares of Tyson Foods by 124.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,663 shares of the company’s stock worth $268,000 after acquiring an additional 2,584 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Tyson Foods by 21.4% in the fourth quarter. Captrust Financial Advisors now owns 10,733 shares of the company’s stock worth $617,000 after acquiring an additional 1,895 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Tyson Foods by 645.9% in the fourth quarter. Lazard Asset Management LLC now owns 4,878 shares of the company’s stock worth $279,000 after acquiring an additional 4,224 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tyson Foods by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,799 shares of the company’s stock worth $2,056,000 after acquiring an additional 2,128 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of Tyson Foods by 20.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 11,948 shares of the company’s stock worth $686,000 after acquiring an additional 2,012 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.6%

Shares of Tyson Foods stock opened at $55.17 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $55.39 and its 200-day simple moving average is $57.33. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.76 and a beta of 0.59. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $65.95.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is presently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

TSN has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target on the stock. The Goldman Sachs Group began coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Stephens cut their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Bernstein Bank cut Tyson Foods to a “market perform” rating and cut their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets cut their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.25.

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.