Jeppson Wealth Management LLC Raises Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Jeppson Wealth Management LLC increased its stake in Tyson Foods by 79.7%, owning 11,642 shares valued at approximately $651,000 after acquiring an additional 5,165 shares in Q2.
• Tyson Foods announced a stock buyback program authorizing the purchase of 43 million shares, indicating management's belief that the stock is currently undervalued.
• The company reported earnings of $0.91 per share for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.50 payable on December 15th.

Jeppson Wealth Management LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 79.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,642 shares of the company's stock after acquiring an additional 5,165 shares during the quarter. Jeppson Wealth Management LLC's holdings in Tyson Foods were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TSN. Vise Technologies Inc. purchased a new position in shares of Tyson Foods during the fourth quarter worth approximately $264,000. Public Employees Retirement System of Ohio increased its position in shares of Tyson Foods by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 103,228 shares of the company's stock worth $5,929,000 after acquiring an additional 1,062 shares during the period. Toronto Dominion Bank increased its position in shares of Tyson Foods by 1.1% during the fourth quarter. Toronto Dominion Bank now owns 152,957 shares of the company's stock worth $8,786,000 after acquiring an additional 1,659 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Tyson Foods during the fourth quarter worth approximately $7,314,000. Finally, Park Square Financial Group LLC purchased a new position in Tyson Foods during the fourth quarter valued at approximately $25,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE TSN opened at $54.46 on Thursday. The firm's fifty day simple moving average is $55.31 and its two-hundred day simple moving average is $56.97. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $65.95. The firm has a market capitalization of $19.37 billion, a P/E ratio of 24.75, a P/E/G ratio of 0.73 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the previous year, the company earned $0.87 earnings per share. 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. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its board has approved a stock buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's payout ratio is currently 90.91%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. JP Morgan Cazenove cut 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. Finally, BMO Capital Markets cut their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.25.

About Tyson Foods

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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