IFP Advisors Inc Purchases 1,215 Shares of Tyson Foods, Inc. $TSN

IFP Advisors Inc raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 162.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,963 shares of the company’s stock after acquiring an additional 1,215 shares during the quarter. IFP Advisors Inc’s holdings in Tyson Foods were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter worth $28,000. Matrix Trust Co boosted its holdings in shares of Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. Beacon Capital Management LLC bought a new position in shares of Tyson Foods in the second quarter worth $37,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Tyson Foods by 130.6% in the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock worth $38,000 after acquiring an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods in the second quarter worth $41,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Up 0.7%

NYSE TSN opened at $52.53 on Monday. The stock’s 50-day simple moving average is $55.04 and its two-hundred day simple moving average is $55.95. Tyson Foods, Inc. has a twelve month low of $51.07 and a twelve month high of $65.95. 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 company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.86 and a beta of 0.57.

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

Tyson Foods announced that its board has authorized a share buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently declared 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 3.8%. Tyson Foods’s dividend payout ratio (DPR) is presently 90.91%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. 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. BMO Capital Markets cut their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Bernstein Bank downgraded Tyson Foods to a “market perform” rating and lowered their price objective for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, JP Morgan Cazenove lowered their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average 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.