PNC Financial Services Group Inc. Reduces Stock Holdings in Tyson Foods, Inc. $TSN

PNC Financial Services Group Inc. reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,408 shares of the company’s stock after selling 1,863 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,540,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TSN. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods during the 1st quarter valued at approximately $28,000. NewSquare Capital LLC lifted its position in Tyson Foods by 175.3% in the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares during the last quarter. Matrix Trust Co boosted its stake in Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the period. First Command Advisory Services Inc. increased its position in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after acquiring an additional 460 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and dropped their target price for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target on the stock. Santander started coverage on shares of Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating for the company. Sanford C. Bernstein lowered Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Bank of America lowered their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.75.

Tyson Foods Trading Up 1.2%

NYSE TSN opened at $53.73 on Wednesday. The firm’s fifty day moving average is $53.26 and its two-hundred day moving average is $54.72. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.72. 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 firm has a market cap of $19.12 billion, a PE ratio of 24.42, a P/E/G ratio of 0.85 and a beta of 0.56.

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

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Tyson Foods announced that its board has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.