New Wave Wealth Advisors LLC Raises Stake in Tyson Foods, Inc. $TSN

New Wave Wealth Advisors LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 95,524 shares of the company’s stock after purchasing an additional 968 shares during the period. Tyson Foods makes up 2.3% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest holding. New Wave Wealth Advisors LLC’s holdings in Tyson Foods were worth $5,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tyson Foods by 66.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company’s stock valued at $1,017,000 after acquiring an additional 7,092 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tyson Foods by 5,809.7% in the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock valued at $29,459,000 after acquiring an additional 453,853 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Tyson Foods by 9.8% in the first quarter. Rhumbline Advisers now owns 621,149 shares of the company’s stock valued at $39,635,000 after acquiring an additional 55,453 shares in the last quarter. Czech National Bank boosted its holdings in shares of Tyson Foods by 6.1% in the first quarter. Czech National Bank now owns 65,732 shares of the company’s stock valued at $4,194,000 after acquiring an additional 3,753 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Tyson Foods in the first quarter valued at about $1,119,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.4%

TSN stock opened at $54.49 on Thursday. The company has a market cap of $19.39 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.74 and a beta of 0.57. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $65.95. The company’s 50-day moving average price is $55.34 and its 200 day moving average price is $56.74. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s payout ratio is presently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSN. JP Morgan Cazenove lowered their target price on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Stephens lowered their target price on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. Finally, Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price 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.