Tyson Foods, Inc. $TSN Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,800 shares of the company’s stock after buying an additional 3,028 shares during the period. Naples Global Advisors LLC’s holdings in Tyson Foods were worth $1,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock worth $2,294,697,000 after buying an additional 247,051 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after buying an additional 1,271,750 shares during the last quarter. Northern Trust Corp boosted its stake in Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after buying an additional 36,941 shares during the last quarter. Davis Selected Advisers boosted its stake in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock worth $298,604,000 after buying an additional 1,598,896 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock worth $180,933,000 after buying an additional 2,518,416 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their target price on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday, July 28th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. Sanford C. Bernstein downgraded Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Stephens reduced their target price on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $61.25.

Tyson Foods Price Performance

TSN stock opened at $54.44 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 company has a market capitalization of $19.37 billion, a PE ratio of 24.74, a P/E/G ratio of 0.71 and a beta of 0.57. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $65.95. The business’s fifty day moving average price is $55.34 and its 200 day moving average price is $56.70.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 7.49% and a net margin of 1.45%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has approved a stock buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Tyson Foods Announces Dividend

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

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.