Voya Investment Management LLC Boosts Stake in Tyson Foods, Inc. $TSN

Voya Investment Management LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,749 shares of the company’s stock after buying an additional 3,103 shares during the period. Voya Investment Management LLC’s holdings in Tyson Foods were worth $6,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. Park Square Financial Group LLC purchased a new stake in Tyson Foods in the fourth quarter worth $25,000. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter worth about $28,000. Curat Global LLC purchased a new position in Tyson Foods in the 1st quarter worth about $28,000. Rossby Financial LCC bought a new stake in Tyson Foods during the 1st quarter valued at about $53,000. Finally, Plato Investment Management Ltd lifted its holdings in Tyson Foods by 325.6% during the 1st quarter. Plato Investment Management Ltd now owns 881 shares of the company’s stock valued at $57,000 after buying an additional 674 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.4%

Shares of Tyson Foods stock opened at $54.13 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The company has a market cap of $19.26 billion, a P/E ratio of 24.60, a PEG ratio of 0.74 and a beta of 0.59. The firm’s 50 day moving average price is $55.31 and its 200-day moving average price is $57.21. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $65.95.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the firm earned $0.87 earnings per share. Tyson Foods’s revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has initiated a share buyback program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price for the company. JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and reduced their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.