Neo Ivy Capital Management Takes Position in Tyson Foods, Inc. $TSN

Neo Ivy Capital Management acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,582 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in Tyson Foods in the first quarter worth about $28,000. NewSquare Capital LLC increased its position in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Matrix Trust Co lifted its stake in shares of Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the period. First Command Advisory Services Inc. boosted its holdings in shares of Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new position in shares of Tyson Foods in the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.8%

Shares of TSN stock opened at $53.64 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock has a fifty day simple moving average of $53.12 and a two-hundred day simple moving average of $54.67. The firm has a market capitalization of $19.08 billion, a PE ratio of 24.38, a PEG ratio of 0.85 and a beta of 0.56. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $64.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 10th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Tyson Foods has set its FY 2026 guidance at EPS. On average, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

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

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio is currently 153.38%.

Analysts Set New Price Targets

TSN has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday. Bank of America reduced their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. BMO Capital Markets lifted their target price on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target for the company. Finally, Santander started coverage on Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.75.

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.