Tyson Foods, Inc. $TSN Shares Sold by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. reduced its stake in Tyson Foods by 17.4%, owning 53,228 shares valued at approximately $3.40 million as of its recent SEC filing.
• Tyson Foods announced a quarterly dividend of $0.50 per share, with a payout ratio of 90.91%, and the ex-dividend date set for December 1st.
• Several analysts have revised their price targets for Tyson Foods, with a consensus target pricing averaging $61.25, indicating cautious sentiment among market watchers.

Geneos Wealth Management Inc. cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,228 shares of the company's stock after selling 11,208 shares during the period. Geneos Wealth Management Inc.'s holdings in Tyson Foods were worth $3,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSN. AQR Capital Management LLC raised its stake in Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock valued at $180,933,000 after buying an additional 2,518,416 shares in the last quarter. Davis Selected Advisers increased its position in shares of Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Tyson Foods by 4,207.2% during the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after purchasing an additional 1,597,272 shares in the last quarter. Pzena Investment Management LLC increased its position in Tyson Foods by 10.6% in the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after acquiring an additional 1,271,750 shares during the period. Finally, Amundi increased its position in Tyson Foods by 96.3% in the 1st quarter. Amundi now owns 1,556,812 shares of the company's stock valued at $98,951,000 after acquiring an additional 763,887 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research analyst reports. Stephens decreased their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. JP Morgan Cazenove dropped their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average price target of $61.25.

Tyson Foods Stock Performance

NYSE TSN traded down $0.91 during trading hours on Friday, reaching $55.17. The company's stock had a trading volume of 2,357,076 shares, compared to its average volume of 2,362,919. 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 business has a 50-day simple moving average of $55.39 and a 200 day simple moving average of $57.33. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $65.95. The stock has a market cap of $19.63 billion, a PE ratio of 25.08, a PEG ratio of 0.76 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter last year, the company posted $0.87 earnings per share. Tyson Foods's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 (DPR) is presently 90.91%.

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.