10,311 Shares in Tyson Foods, Inc. $TSN Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,311 shares of the company’s stock, valued at approximately $577,000.

Several other institutional investors have also bought and sold shares of the stock. Allworth Financial LP lifted its holdings in Tyson Foods by 12.6% in the first quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after purchasing an additional 191 shares during the period. Horizon Investments LLC lifted its holdings in Tyson Foods by 5.1% in the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after purchasing an additional 201 shares during the period. Independent Advisor Alliance lifted 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 valued at $581,000 after acquiring an additional 204 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Tyson Foods by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock valued at $3,099,000 after acquiring an additional 206 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted 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 valued at $1,183,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSN. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a report on Friday. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Finally, BMO Capital Markets cut their price target on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Two equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.92.

Tyson Foods Price Performance

TSN stock opened at $51.36 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a one year low of $51.04 and a one year high of $65.95. The firm has a market capitalization of $18.27 billion, a PE ratio of 23.34, a P/E/G ratio of 0.86 and a beta of 0.57. The firm has a 50-day moving average of $54.57 and a two-hundred day moving average of $55.75.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. Tyson Foods’s dividend payout ratio is currently 90.91%.

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

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.