HighTower Advisors LLC Boosts Stock Holdings in Tyson Foods, Inc. $TSN

HighTower Advisors LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,561 shares of the company’s stock after acquiring an additional 1,483 shares during the quarter. HighTower Advisors LLC’s holdings in Tyson Foods were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Public Sector Pension Investment Board increased its position in shares of Tyson Foods by 9.0% during the first quarter. Public Sector Pension Investment Board now owns 38,894 shares of the company’s stock worth $2,482,000 after acquiring an additional 3,197 shares during the period. AIA Group Ltd increased its position in shares of Tyson Foods by 94.8% during the first quarter. AIA Group Ltd now owns 29,935 shares of the company’s stock worth $1,910,000 after acquiring an additional 14,565 shares during the period. Independent Advisor Alliance increased its holdings in Tyson Foods by 2.3% in the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock valued at $581,000 after buying an additional 204 shares during the last quarter. First American Trust FSB raised its stake in Tyson Foods by 1.7% in the first quarter. First American Trust FSB now owns 131,438 shares of the company’s stock valued at $8,387,000 after buying an additional 2,139 shares in the last quarter. Finally, CCM Investment Group LLC acquired a new stake in Tyson Foods in the first quarter valued at $1,218,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target on the stock. The Goldman Sachs Group assumed coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Bernstein Bank cut Tyson Foods to a “market perform” rating and cut their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets cut their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $61.25.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.5860 on Monday. The stock’s 50-day moving average is $55.14 and its two-hundred day moving average is $57.56. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.78 and a beta of 0.59. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $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 declared that its Board of Directors has initiated a stock repurchase program 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. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is presently 90.91%.

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.