Tyson Foods, Inc. $TSN Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Tyson Foods, Inc. (NYSE:TSN) by 65.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,374 shares of the company’s stock after acquiring an additional 6,452 shares during the period. Sequoia Financial Advisors LLC’s holdings in Tyson Foods were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. lifted its holdings in shares of Tyson Foods by 40.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 6,857 shares of the company’s stock worth $384,000 after acquiring an additional 1,982 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Tyson Foods by 38.2% in the 2nd quarter. Yousif Capital Management LLC now owns 52,268 shares of the company’s stock valued at $2,924,000 after purchasing an additional 14,455 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after purchasing an additional 444,648 shares during the last quarter. CWM LLC increased its position in shares of Tyson Foods by 10.4% in the 2nd quarter. CWM LLC now owns 67,157 shares of the company’s stock valued at $3,757,000 after purchasing an additional 6,344 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY grew its position in shares of Tyson Foods by 1.4% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 199,766 shares of the company’s stock valued at $11,175,000 after buying an additional 2,712 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.7%

TSN opened at $52.53 on Friday. The stock has a market capitalization of $18.69 billion, a PE ratio of 23.88, a P/E/G ratio of 0.85 and a beta of 0.57. The firm’s fifty day moving average price is $55.04 and its 200 day moving average price is $56.05. 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, Inc. has a 12-month low of $51.07 and a 12-month high of $65.95.

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

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

Tyson Foods Dividend Announcement

The business also recently announced 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 yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is currently 90.91%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. Stephens lowered their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a “buy” rating and a $67.00 target price for the company. BMO Capital Markets cut their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Two equities research 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 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.