NorthRock Partners LLC Has $1.44 Million Stake in Tyson Foods, Inc. $TSN

NorthRock Partners LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 17.1% in the second quarter, Holdings Channel reports. The institutional investor owned 25,804 shares of the company’s stock after buying an additional 3,759 shares during the period. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Tyson Foods by 0.7% in the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after buying an additional 247,051 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after buying an additional 444,648 shares in the last quarter. Northern Trust Corp raised its position in shares of Tyson Foods by 0.8% in the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock valued at $302,315,000 after buying an additional 36,941 shares in the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock valued at $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on TSN. Bank of America lowered their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and decreased their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets decreased 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 note on Monday, July 28th. Finally, Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.92.

Tyson Foods Stock Performance

Shares of TSN opened at $52.10 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $18.53 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57. The firm’s fifty day simple moving average is $55.32 and its two-hundred day simple moving average is $56.25. Tyson Foods, Inc. has a 12 month low of $51.50 and a 12 month high of $65.95.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The company 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%. Tyson Foods’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

Tyson Foods declared that its board has initiated a share buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are 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.