Cresset Asset Management LLC Sells 557 Shares of Tyson Foods, Inc. $TSN

Cresset Asset Management LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 11.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,169 shares of the company’s stock after selling 557 shares during the quarter. Cresset Asset Management LLC’s holdings in Tyson Foods were worth $266,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TSN. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the fourth quarter worth $25,000. Curat Global LLC purchased a new position in Tyson Foods during the first quarter worth about $28,000. Zions Bancorporation National Association UT bought a new position in Tyson Foods in the 1st quarter worth about $28,000. Rossby Financial LCC purchased a new stake in shares of Tyson Foods in the 1st quarter valued at about $53,000. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $57.22 on Wednesday. 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, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a fifty day moving average of $55.24 and a 200-day moving average of $57.56. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 90.91%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TSN. BMO Capital Markets lowered their target price on shares of 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. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. JP Morgan Cazenove dropped their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. The Goldman Sachs Group started coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Finally, Bernstein Bank downgraded Tyson Foods to a “market perform” rating and lowered their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.25.

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.