Jackson Thornton Wealth Management LLC Acquires New Position in Tyson Foods, Inc. $TSN

Key Points

• Jackson Thornton Wealth Management LLC acquired 5,549 shares of Tyson Foods, valued at approximately $309,000, during the second quarter, indicating growing institutional interest in the stock.
• Analysts have set a mixed outlook for Tyson Foods, with a range of ratings, including two "Buy," fourteen "Hold," and one "Sell," while the average price target is currently $60.92.
• Tyson Foods announced a quarterly dividend of $0.50 per share, with a payout ratio of 90.91%, reflecting the company's commitment to returning value to shareholders.

Jackson Thornton Wealth Management LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,549 shares of the company's stock, valued at approximately $309,000.

Several other hedge funds also recently bought and sold shares of the stock. Probity Advisors Inc. boosted its stake in Tyson Foods by 13.0% during the second quarter. Probity Advisors Inc. now owns 6,642 shares of the company's stock worth $372,000 after buying an additional 764 shares during the period. Liberty One Investment Management LLC boosted its stake in Tyson Foods by 5.0% during the second quarter. Liberty One Investment Management LLC now owns 86,171 shares of the company's stock worth $4,820,000 after buying an additional 4,096 shares during the period. apricus wealth LLC boosted its stake in Tyson Foods by 3.0% during the second quarter. apricus wealth LLC now owns 58,625 shares of the company's stock worth $3,279,000 after buying an additional 1,715 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Tyson Foods by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company's stock worth $3,099,000 after buying an additional 206 shares during the period. Finally, Unison Advisors LLC boosted its stake in Tyson Foods by 0.9% during the second quarter. Unison Advisors LLC now owns 26,433 shares of the company's stock worth $1,479,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a "neutral" rating and a $60.00 target price for the company. Zacks Research lowered shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 1st. Bank of America lowered their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. JP Morgan Cazenove lowered their price objective 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. Finally, BMO Capital Markets lowered their price objective 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. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $60.92.

Tyson Foods Stock Up 0.0%

Shares of NYSE:TSN opened at $52.49 on Tuesday. The firm's 50 day moving average price is $54.95 and its 200 day moving average price is $55.90. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $65.95. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

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 firm had revenue of $13.88 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 3.8%. Tyson Foods's dividend payout ratio (DPR) is 90.91%.

Tyson Foods announced that its Board of Directors has authorized a stock buyback 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. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.

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