Arista Wealth Management LLC Takes $261,000 Position in Tyson Foods, Inc. $TSN

Arista Wealth Management LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,665 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after acquiring an additional 191 shares during the last quarter. Horizon Investments LLC increased its holdings in Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance increased its holdings in Tyson Foods by 2.3% in the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after acquiring an additional 204 shares during the last quarter. Peddock Capital Advisors LLC increased its holdings in Tyson Foods by 1.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after acquiring an additional 217 shares during the last quarter. Finally, Everpar Advisors LLC increased its holdings in Tyson Foods by 0.4% in the 2nd quarter. Everpar Advisors LLC now owns 63,483 shares of the company’s stock worth $3,551,000 after acquiring an additional 228 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.7%

TSN stock opened at $52.53 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $18.69 billion, a PE ratio of 23.88, a PEG ratio of 0.85 and a beta of 0.57. Tyson Foods, Inc. has a twelve month low of $51.07 and a twelve month high of $65.95. The stock has a 50-day simple moving average of $55.04 and a two-hundred day simple moving average of $56.05.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 return on equity of 7.49% and a net margin of 1.45%.The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Tyson Foods’s revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

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

Tyson Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. Bank of America decreased their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Stephens decreased their price objective on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bernstein Bank lowered Tyson Foods to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Finally, JP Morgan Cazenove reduced their target price on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.92.

Tyson Foods Company 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.