Ascent Group LLC Takes $296,000 Position in Tyson Foods, Inc. $TSN

Key Points

• Ascent Group LLC acquired a new position in Tyson Foods, Inc. during Q1, purchasing 4,633 shares valued at approximately $296,000.
• Tyson Foods recently declared a quarterly dividend of $0.50 per share, with a dividend yield of 3.6%, set to be paid on December 15th.
• The company's stock is currently rated as a "Hold" by analysts, with an average target price of $61.25.

Ascent Group LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,633 shares of the company's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Tyson Foods in the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods in the 1st quarter valued at about $28,000. Curat Global LLC bought a new position in Tyson Foods during the 1st quarter valued at approximately $28,000. Rossby Financial LCC bought a new position in Tyson Foods during the 1st quarter valued at approximately $53,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of Tyson Foods by 223.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock worth $67,000 after buying an additional 727 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Up 1.2%

TSN stock opened at $56.09 on Friday. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $65.95. The business's 50 day moving average price is $55.43 and its two-hundred day moving average price is $57.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The company has a market capitalization of $19.96 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.75 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The business's revenue for the quarter was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business 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. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods announced that its board has authorized a stock repurchase program 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. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSN shares. Bernstein Bank cut Tyson Foods to a "market perform" rating and reduced their target price for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JP Morgan Cazenove reduced their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Stephens reduced their target price on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. BMO Capital Markets reduced their target price on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Finally, The Goldman Sachs Group started coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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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