Fifth Third Bancorp Boosts Stock Position in Tyson Foods, Inc. $TSN

Fifth Third Bancorp lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,556 shares of the company’s stock after purchasing an additional 232 shares during the period. Fifth Third Bancorp’s holdings in Tyson Foods were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSN. Curat Global LLC purchased a new stake in shares of Tyson Foods during the first quarter worth about $28,000. Zions Bancorporation National Association UT purchased a new stake in Tyson Foods in the first quarter worth about $28,000. Matrix Trust Co boosted its position in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Tyson Foods by 130.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in Tyson Foods during the 1st quarter valued at approximately $53,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $53.95 on Tuesday. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $65.95. The firm has a market cap of $19.19 billion, a P/E ratio of 24.52, a PEG ratio of 0.74 and a beta of 0.59. The company has a 50 day moving average of $55.34 and a 200 day moving average of $56.77. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.54 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its board has approved a share repurchase 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 generally an indication that the company’s management believes its stock is undervalued.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 of this dividend is Monday, December 1st. Tyson Foods’s payout ratio is 90.91%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSN. The Goldman Sachs Group began coverage on Tyson Foods in a research report on Monday, June 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Bernstein Bank cut Tyson Foods to a “market perform” rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Santander began coverage on Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. BMO Capital Markets cut their price objective on 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. Finally, JPMorgan Chase & Co. began coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.25.

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.