Instrumental Wealth LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,588 shares of the company’s stock, valued at approximately $549,000. Tyson Foods makes up 0.3% of Instrumental Wealth LLC’s investment portfolio, making the stock its 27th biggest holding.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Tyson Foods during the fourth quarter valued at $308,297,000. Davis Selected Advisers raised its position in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Tyson Foods in the 4th quarter worth about $165,220,000. Pzena Investment Management LLC lifted its stake in shares of Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after purchasing an additional 1,720,009 shares during the period. Institutional investors own 67.00% of the company’s stock.
Analysts Set New Price Targets
TSN has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. HSBC cut their price target on Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $70.67.
Tyson Foods Stock Performance
Shares of Tyson Foods stock opened at $55.87 on Thursday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $57.78 and a 200-day moving average price of $61.73. The company has a market cap of $19.66 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40.
Tyson Foods (NYSE:TSN – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Tyson Foods’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.
Tyson Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods’s payout ratio is currently 125.93%.
Tyson Foods Profile
Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.
The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.
See Also
- Five stocks we like better than Tyson Foods
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN – Free Report).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.
