Kestra Advisory Services LLC Raises Position in Tyson Foods, Inc. $TSN

Key Points

• Kestra Advisory Services LLC significantly increased its holdings in Tyson Foods, boosting its position by 103.6% in the 1st quarter, now owning 21,471 shares valued at approximately $1.37 million.
• Tyson Foods reported strong earnings, with $0.91 earnings per share for the quarter, exceeding analyst expectations, and revenue of $13.88 billion, marking a 4% increase year-over-year.
• The company announced a quarterly dividend of $0.50 per share, yielding 3.5%, with a payout ratio of 90.91%, indicating strong returns for shareholders.

Kestra Advisory Services LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 103.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,471 shares of the company's stock after purchasing an additional 10,924 shares during the period. Kestra Advisory Services LLC's holdings in Tyson Foods were worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 purchased a new position in Tyson Foods in the 1st quarter worth approximately $28,000. Curat Global LLC bought a new stake in Tyson Foods in the first quarter valued at approximately $28,000. Rossby Financial LCC purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $53,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Tyson Foods by 223.0% in the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock worth $67,000 after purchasing an additional 727 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN opened at $56.80 on Monday. The company has a 50-day simple moving average of $55.39 and a two-hundred day simple moving average of $57.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The firm has a market capitalization of $20.21 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. Tyson Foods, Inc. has a one year low of $51.85 and a one year high of $66.88.

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. The firm had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.5%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSN shares. Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. 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 price objective for the company. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and dropped their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group started 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. Finally, Stephens dropped their price objective on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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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