Tyson Foods, Inc. $TSN Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,243 shares of the company’s stock after selling 513 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Tyson Foods were worth $125,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Tyson Foods by 96.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,835 shares of the company’s stock valued at $2,223,000 after acquiring an additional 17,127 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Tyson Foods by 11.3% in the first quarter. Oppenheimer & Co. Inc. now owns 15,209 shares of the company’s stock valued at $970,000 after acquiring an additional 1,545 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Tyson Foods by 5.1% during the first quarter. Asset Management One Co. Ltd. now owns 149,551 shares of the company’s stock worth $9,543,000 after purchasing an additional 7,193 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock worth $408,000 after purchasing an additional 651 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Tyson Foods by 8.4% during the first quarter. Sequoia Financial Advisors LLC now owns 9,922 shares of the company’s stock worth $633,000 after purchasing an additional 772 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.9%

Shares of NYSE TSN opened at $51.36 on Friday. Tyson Foods, Inc. has a 1 year low of $51.04 and a 1 year high of $65.95. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 0.86 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock’s 50-day simple moving average is $54.57 and its 200-day simple moving average is $55.75.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

TSN has been the topic of a number of recent research reports. JP Morgan Cazenove reduced their price objective 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. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Bank of America reduced their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Santander initiated coverage on Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets reduced their price objective on 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. 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, the stock currently has a consensus rating of “Hold” and an average target price of $60.92.

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.