Parallel Advisors LLC Lowers Position in Tyson Foods, Inc. $TSN

Parallel Advisors LLC trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 70.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,591 shares of the company’s stock after selling 6,204 shares during the quarter. Parallel Advisors LLC’s holdings in Tyson Foods were worth $145,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock worth $2,294,697,000 after buying an additional 247,051 shares during the period. Pzena Investment Management LLC grew its stake in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after buying an additional 1,271,750 shares during the period. Northern Trust Corp lifted its position in shares of Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after purchasing an additional 36,941 shares in the last quarter. Davis Selected Advisers lifted its position in shares of Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock worth $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stephens reduced their target price on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. BMO Capital Markets reduced 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 report on Monday, July 28th. Bernstein Bank cut shares of Tyson Foods 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. JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Sanford C. Bernstein cut 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. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.25.

Tyson Foods Stock Up 0.2%

Tyson Foods stock opened at $53.76 on Wednesday. The company has a 50-day simple moving average of $55.30 and a 200-day simple moving average of $56.98. The firm has a market capitalization of $19.13 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.73 and a beta of 0.59. 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 one year low of $51.85 and a one year high of $65.95.

Tyson Foods (NYSE:TSN) last released its quarterly 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 business had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is currently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Tyson Foods Profile

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.