MQS Management LLC Takes Position in Tyson Foods, Inc. $TSN

MQS Management LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,311 shares of the company’s stock, valued at approximately $577,000.

A number of other hedge funds have also recently added to or reduced their stakes in TSN. Wealth Enhancement Advisory Services LLC increased its holdings in Tyson Foods by 96.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,835 shares of the company’s stock worth $2,223,000 after buying an additional 17,127 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Tyson Foods by 11.3% in the first quarter. Oppenheimer & Co. Inc. now owns 15,209 shares of the company’s stock worth $970,000 after buying an additional 1,545 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Tyson Foods by 5.1% in the first quarter. Asset Management One Co. Ltd. now owns 149,551 shares of the company’s stock worth $9,543,000 after buying an additional 7,193 shares during the last quarter. Bessemer Group Inc. increased its holdings in Tyson Foods by 11.3% in the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock worth $408,000 after buying an additional 651 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Tyson Foods by 8.4% in the first quarter. Sequoia Financial Advisors LLC now owns 9,922 shares of the company’s stock worth $633,000 after buying an additional 772 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 analysts recently commented on the company. JP Morgan Cazenove dropped their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. BMO Capital Markets dropped their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Stephens lowered their price target on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Finally, Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.92.

Tyson Foods Stock Down 0.9%

Shares of TSN stock opened at $51.36 on Friday. The stock has a market cap of $18.27 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a one year low of $51.04 and a one year high of $65.95. The stock has a fifty day moving average price of $54.57 and a 200 day moving average price of $55.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm had revenue of $13.88 billion during 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%.Tyson Foods’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Tyson Foods declared that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.