111 Capital Cuts Stake in Tyson Foods, Inc. $TSN

Key Points

• 111 Capital significantly reduced its stake in Tyson Foods, decreasing its holdings by 64.3% to 5,072 shares in the second quarter, worth approximately $284,000.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, with a payout ratio of 90.91%, reflecting a 3.7% annual yield.
• The company reported a quarterly revenue increase of 4.0% year-over-year, totaling $13.88 billion, and achieved an EPS of $0.91, surpassing analysts' estimates.

111 Capital decreased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 64.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,072 shares of the company's stock after selling 9,147 shares during the period. 111 Capital's holdings in Tyson Foods were worth $284,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TSN. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tyson Foods by 66.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company's stock valued at $1,017,000 after purchasing an additional 7,092 shares in the last quarter. Procyon Advisors LLC purchased a new stake in shares of Tyson Foods in the 1st quarter valued at $207,000. Gateway Investment Advisers LLC boosted its stake in shares of Tyson Foods by 33.7% in the 1st quarter. Gateway Investment Advisers LLC now owns 9,538 shares of the company's stock valued at $609,000 after purchasing an additional 2,404 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Tyson Foods during the 1st quarter valued at $236,000. Finally, UMB Bank n.a. boosted its position in Tyson Foods by 7.4% during the 1st quarter. UMB Bank n.a. now owns 3,878 shares of the company's stock valued at $247,000 after buying an additional 267 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.0%

NYSE:TSN opened at $54.17 on Tuesday. The company has a 50-day moving average price of $55.37 and a 200-day moving average price of $56.56. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $65.95. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 0.72 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same period last year, the company posted $0.87 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

TSN has been the subject of several analyst reports. BMO Capital Markets dropped their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Zacks Research cut shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and dropped their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Stephens dropped their price target on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $61.25.

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.

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