OLD National Bancorp IN Raises Position in Tyson Foods, Inc. $TSN

OLD National Bancorp IN lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,175 shares of the company’s stock after buying an additional 67,870 shares during the period. OLD National Bancorp IN’s holdings in Tyson Foods were worth $19,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TSN. Curat Global LLC purchased a new position in Tyson Foods in the first quarter valued at about $28,000. Zions Bancorporation National Association UT purchased a new position in Tyson Foods in the first quarter valued at about $28,000. Matrix Trust Co boosted its holdings in Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the last quarter. Beacon Capital Management LLC purchased a new position in Tyson Foods in the second quarter valued at about $37,000. Finally, Armstrong Advisory Group Inc. boosted its holdings in Tyson Foods by 130.6% in the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.5%

NYSE:TSN opened at $54.71 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $55.36 and its two-hundred day moving average is $56.63. The company has a market cap of $19.46 billion, a PE ratio of 24.87, a P/E/G ratio of 0.72 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.

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. On average, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

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 3.7%. 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Santander assumed coverage on Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating for the company. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. JPMorgan Chase & Co. began coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Bernstein Bank downgraded Tyson Foods to a “market perform” rating and reduced their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.25.

About Tyson Foods

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.