US Bancorp DE Reduces Stock Position in Tyson Foods, Inc. $TSN

US Bancorp DE cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,839 shares of the company’s stock after selling 2,729 shares during the quarter. US Bancorp DE’s holdings in Tyson Foods were worth $886,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TSN. Zions Bancorporation National Association UT acquired a new stake in Tyson Foods during the first quarter worth approximately $28,000. Matrix Trust Co raised its stake in shares of Tyson Foods by 28,200.0% in 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 during the period. Beacon Capital Management LLC purchased a new stake in Tyson Foods during the 2nd quarter worth $37,000. Armstrong Advisory Group Inc. increased its stake in Tyson Foods by 130.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock worth $38,000 after buying an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the 2nd quarter worth $41,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TSN shares. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. JP Morgan Cazenove dropped their price target on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 7th. Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and dropped their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Zacks Research downgraded shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Finally, Santander initiated coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.92.

Tyson Foods Price Performance

NYSE:TSN opened at $52.53 on Friday. The stock has a market cap of $18.69 billion, a P/E ratio of 23.88, a PEG ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a one year low of $51.07 and a one year high of $65.95. The company has a fifty day moving average price of $55.04 and a 200 day moving average price of $56.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) 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 firm had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’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. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared 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 dividend yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors 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.