Allspring Global Investments Holdings LLC Has $4.89 Million Position in Tyson Foods, Inc. $TSN

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Tyson Foods by 55.1%, owning 85,278 shares worth approximately $4.89 million after selling over 100,000 shares in the second quarter.
• Tyson Foods has experienced a decrease in analyst ratings, with research firms downgrading the stock and reducing price targets, resulting in a consensus rating of "Hold" and an average target price of $60.92.
• The company announced a $0.50 quarterly dividend to be paid on December 15th, with a current dividend yield of 3.8% and a payout ratio of 90.91%.

Allspring Global Investments Holdings LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 55.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,278 shares of the company's stock after selling 104,782 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Tyson Foods were worth $4,891,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TSN. Wealth Enhancement Advisory Services LLC grew its stake in Tyson Foods by 96.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,835 shares of the company's stock valued at $2,223,000 after buying an additional 17,127 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Tyson Foods in the first quarter valued at about $1,658,000. State of Alaska Department of Revenue increased its stake in shares of Tyson Foods by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 33,516 shares of the company's stock worth $2,138,000 after purchasing an additional 925 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of Tyson Foods during the 1st quarter worth about $207,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Tyson Foods by 73.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,874 shares of the company's stock worth $1,332,000 after purchasing an additional 8,813 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSN shares. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective on the stock. BMO Capital Markets cut their target price on shares of 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. Zacks Research lowered shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Finally, JP Morgan Cazenove dropped their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.92.

Tyson Foods Trading Up 0.0%

Shares of Tyson Foods stock opened at $52.49 on Tuesday. Tyson Foods, Inc. has a 52-week low of $51.07 and a 52-week high of $65.95. The firm has a market capitalization of $18.67 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57. 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 company's fifty day moving average price is $54.95 and its two-hundred day moving average price is $55.90.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. 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 3.8%. Tyson Foods's dividend payout ratio is presently 90.91%.

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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