New Wave Wealth Advisors LLC Boosts Stake in Tyson Foods, Inc. $TSN

New Wave Wealth Advisors LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,524 shares of the company’s stock after purchasing an additional 968 shares during the period. Tyson Foods makes up approximately 2.3% of New Wave Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. New Wave Wealth Advisors LLC’s holdings in Tyson Foods were worth $5,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Curat Global LLC purchased a new position in Tyson Foods in the 1st quarter valued at approximately $28,000. Zions Bancorporation National Association UT purchased a new position in Tyson Foods in the 1st quarter valued at approximately $28,000. Matrix Trust Co boosted its position in 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 buying an additional 564 shares during the period. Beacon Capital Management LLC purchased a new position in Tyson Foods in the 2nd quarter valued at approximately $37,000. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Tyson Foods by 130.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $54.49 on Thursday. The company’s fifty day moving average price is $55.34 and its 200 day moving average price is $56.74. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $65.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The firm has a market capitalization of $19.39 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.74 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last announced 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. 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 period last year, the business earned $0.87 EPS. Tyson Foods’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, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 90.91%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of analyst reports. Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Santander initiated coverage on shares of Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. BMO Capital Markets reduced their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Finally, Stephens reduced their price objective on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.