Greenwood Capital Associates LLC Raises Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Greenwood Capital Associates LLC increased its stake in Tyson Foods, Inc. by 35.9%, owning 28,183 shares valued at $1.577 million after purchasing an additional 7,450 shares in Q2.
• Tyson Foods reported a quarterly earnings per share (EPS) of $0.91, exceeding analyst expectations, and showed a year-over-year revenue increase of 4.0%.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.7% yield and a payout ratio of 90.91%.

Greenwood Capital Associates LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 35.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,183 shares of the company's stock after purchasing an additional 7,450 shares during the period. Greenwood Capital Associates LLC's holdings in Tyson Foods were worth $1,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSN. Allworth Financial LP raised its holdings in shares of Tyson Foods by 12.6% in the first quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after buying an additional 191 shares during the last quarter. Horizon Investments LLC boosted its position in Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock worth $262,000 after purchasing an additional 201 shares in the last quarter. Independent Advisor Alliance grew its position in Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock valued at $581,000 after buying an additional 204 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Tyson Foods by 0.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock valued at $2,250,000 after acquiring an additional 208 shares during the period. Finally, Peddock Capital Advisors LLC grew its holdings in Tyson Foods by 1.0% in the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company's stock valued at $1,183,000 after purchasing an additional 217 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 0.1%

Shares of Tyson Foods stock opened at $54.44 on Friday. The company has a market capitalization of $19.37 billion, a P/E ratio of 24.74, a PEG ratio of 0.71 and a beta of 0.57. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $65.95. The company's fifty day moving average is $55.34 and its two-hundred day moving average is $56.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Tyson Foods's payout ratio is presently 90.91%.

Tyson Foods announced that its board has approved a share repurchase program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. JP Morgan Cazenove cut their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Sanford C. Bernstein cut 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 report on Wednesday, July 23rd. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and lowered their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, Santander began coverage on Tyson Foods in a report on Thursday, September 25th. They issued a "neutral" rating on the stock. Two analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Tyson Foods 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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