Callan Family Office LLC Buys Shares of 4,164 Tyson Foods, Inc. $TSN

Callan Family Office LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, HoldingsChannel.com reports. The fund purchased 4,164 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSN. Blair William & Co. IL bought a new stake in Tyson Foods in the 2nd quarter valued at $253,000. Tectonic Advisors LLC lifted its holdings in shares of Tyson Foods by 6.2% in the second quarter. Tectonic Advisors LLC now owns 17,413 shares of the company’s stock valued at $974,000 after purchasing an additional 1,013 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Tyson Foods by 26.8% during the second quarter. Vontobel Holding Ltd. now owns 15,898 shares of the company’s stock worth $889,000 after buying an additional 3,360 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Tyson Foods by 4.1% during the second quarter. KLP Kapitalforvaltning AS now owns 299,731 shares of the company’s stock worth $16,767,000 after buying an additional 11,700 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Tyson Foods by 23.8% during the second quarter. OLD National Bancorp IN now owns 353,175 shares of the company’s stock worth $19,757,000 after buying an additional 67,870 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 1.2%

Shares of NYSE:TSN opened at $52.15 on Friday. The company has a market capitalization of $18.55 billion, a P/E ratio of 23.70, a P/E/G ratio of 0.87 and a beta of 0.57. Tyson Foods, Inc. has a 1 year low of $51.07 and a 1 year high of $65.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The business’s 50 day simple moving average is $55.13 and its 200 day simple moving average is $56.12.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its Board of Directors has initiated a share buyback program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research report on Wednesday, October 8th. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Stephens dropped their target price on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bernstein Bank downgraded Tyson Foods to a “market perform” rating and decreased their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, Bank of America lowered their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $60.92.

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.