Legal & General Group Plc Decreases Position in Tyson Foods, Inc. $TSN

Legal & General Group Plc decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450,412 shares of the company’s stock after selling 34,465 shares during the period. Legal & General Group Plc’s holdings in Tyson Foods were worth $137,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Neo Ivy Capital Management acquired a new position in Tyson Foods during the 2nd quarter worth $480,000. DNB Asset Management AS boosted its stake in shares of Tyson Foods by 6.7% in the 2nd quarter. DNB Asset Management AS now owns 74,064 shares of the company’s stock valued at $4,143,000 after buying an additional 4,643 shares during the period. Entropy Technologies LP grew its position in shares of Tyson Foods by 110.6% during the second quarter. Entropy Technologies LP now owns 27,928 shares of the company’s stock worth $1,562,000 after buying an additional 14,664 shares in the last quarter. Magnetar Financial LLC increased its stake in shares of Tyson Foods by 5.3% during the second quarter. Magnetar Financial LLC now owns 44,070 shares of the company’s stock worth $2,465,000 after buying an additional 2,218 shares during the period. Finally, Swiss National Bank raised its holdings in Tyson Foods by 7.3% in the second quarter. Swiss National Bank now owns 866,200 shares of the company’s stock valued at $48,455,000 after acquiring an additional 59,200 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $57.22 on Tuesday. The company’s fifty day moving average price is $53.18 and its 200 day moving average price is $54.67. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The firm has a market capitalization of $20.36 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.85 and a beta of 0.56.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.30. The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 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 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Tyson Foods has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

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

Analysts Set New Price Targets

TSN has been the subject of several analyst reports. Santander initiated coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating for the company. 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 for the company. BMO Capital Markets increased their target price on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Bank of America lowered their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus 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.