Envestnet Portfolio Solutions Inc. Has $995,000 Holdings in Tyson Foods, Inc. $TSN

Envestnet Portfolio Solutions Inc. lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,796 shares of the company’s stock after selling 3,078 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Tyson Foods were worth $995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $28,000. Matrix Trust Co grew its position in shares of Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the last quarter. Beacon Capital Management LLC acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $37,000. Armstrong Advisory Group Inc. grew its position in shares of Tyson Foods by 130.6% in the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.7%

NYSE TSN opened at $52.53 on Friday. The business has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $56.00. 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 fifty-two week low of $51.07 and a fifty-two week high of $65.95. The stock has a market capitalization of $18.69 billion, a PE ratio of 23.88, a PEG ratio of 0.86 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 4th. The company reported $0.91 earnings per share 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 firm had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods announced that its board has authorized a stock repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Tyson Foods Announces Dividend

The firm also recently announced 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 is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.8%. Tyson Foods’s dividend payout ratio is presently 90.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSN. Santander began coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating on the stock. BMO Capital Markets cut their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 7th. Sanford C. Bernstein cut 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 research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target for the company. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.