Kornitzer Capital Management Inc. KS Has $1.83 Million Holdings in Tyson Foods, Inc. $TSN

Kornitzer Capital Management Inc. KS cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 32,655 shares of the company’s stock after selling 750 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Tyson Foods were worth $1,827,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in Tyson Foods during the 1st quarter valued at $28,000. Matrix Trust Co boosted 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 worth $32,000 after buying an additional 564 shares during the period. Beacon Capital Management LLC purchased a new position in shares of Tyson Foods during the second quarter valued at $37,000. Armstrong Advisory Group Inc. raised its position in Tyson Foods by 130.6% during the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after buying an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and decreased their target price for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bank of America lowered their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Finally, Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Two 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. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.92.

Tyson Foods Stock Performance

Shares of TSN opened at $51.36 on Monday. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57. The company’s fifty day moving average is $54.57 and its 200-day moving average is $55.72. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $51.04 and a 12 month high of $65.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The firm had revenue of $13.88 billion during 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%. Tyson Foods’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued 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 dividend yield of 3.9%. Tyson Foods’s dividend payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Tyson Foods 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.