Kingstone Capital Partners Texas LLC Makes New Investment in Tyson Foods, Inc. $TSN

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $1.78 million in Tyson Foods, acquiring 30,300 shares during the second quarter.
• Tyson Foods will pay a $0.50 quarterly dividend on December 15th, representing a 3.7% yield and a dividend payout ratio of 90.91%.
• Tyson Foods reported earnings of $0.91 per share for the last quarter, surpassing analyst estimates of $0.72, with revenue increasing by 4% year-over-year to $13.88 billion.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,300 shares of the company's stock, valued at approximately $1,784,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Woodline Partners LP bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $986,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tyson Foods by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,489,127 shares of the company's stock worth $85,535,000 after acquiring an additional 186,788 shares during the last quarter. Vise Technologies Inc. purchased a new position in shares of Tyson Foods in the 4th quarter worth approximately $264,000. Western Wealth Management LLC bought a new stake in shares of Tyson Foods in the fourth quarter valued at $230,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Tyson Foods by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 103,228 shares of the company's stock valued at $5,929,000 after purchasing an additional 1,062 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of TSN traded up $0.14 during midday trading on Monday, reaching $53.73. 3,111,202 shares of the stock were exchanged, compared to its average volume of 2,507,668. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $65.95. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.73 and a beta of 0.59. The business's 50-day moving average price is $55.29 and its 200 day moving average price is $57.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

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

Tyson Foods declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Tyson Foods Announces Dividend

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bernstein Bank lowered Tyson Foods to a "market perform" rating and dropped their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. JP Morgan Cazenove lowered their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus 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.