Tyson Foods, Inc. $TSN Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 42,493 shares of the company’s stock after buying an additional 1,812 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Tyson Foods were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Tyson Foods by 776.8% during the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after acquiring an additional 2,518,416 shares in the last quarter. Davis Selected Advisers increased its stake 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 during the last quarter. Pacer Advisors Inc. increased its stake in Tyson Foods by 4,207.2% during the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock valued at $104,344,000 after purchasing an additional 1,597,272 shares during the last quarter. Amundi raised its holdings in shares of Tyson Foods by 96.3% during the first quarter. Amundi now owns 1,556,812 shares of the company’s stock worth $98,951,000 after purchasing an additional 763,887 shares during the period. Finally, Nuveen LLC bought a new position in shares of Tyson Foods in the 1st quarter worth about $41,582,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $53.73 on Wednesday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $64.72. The company has a market cap of $19.12 billion, a PE ratio of 24.42, a P/E/G ratio of 0.85 and a beta of 0.56. The stock has a 50 day simple moving average of $53.26 and a 200-day simple moving average of $54.72. 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 (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Tyson Foods has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has initiated a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Tyson Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio is 153.38%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price for the company. BMO Capital Markets increased their price target on Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein lowered Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Bernstein Bank downgraded Tyson Foods to a “market perform” rating and lowered their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $60.75.

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.