KLP Kapitalforvaltning AS Has $16.77 Million Stock Holdings in Tyson Foods, Inc. $TSN

KLP Kapitalforvaltning AS grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,731 shares of the company's stock after purchasing an additional 11,700 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.08% of Tyson Foods worth $16,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods in the 1st quarter valued at about $28,000. Matrix Trust Co raised its stake in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company's stock worth $32,000 after buying an additional 564 shares during the period. Beacon Capital Management LLC acquired a new position in Tyson Foods during the 2nd quarter worth approximately $37,000. Armstrong Advisory Group Inc. raised its stake in Tyson Foods by 130.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company's stock worth $38,000 after buying an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods during the 2nd quarter worth approximately $41,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Zacks Research downgraded Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 1st. Santander initiated coverage on Tyson Foods in a research note on Thursday, September 25th. They set a "neutral" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyson Foods in a research note on Wednesday. Bank of America dropped their price target on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.92.

Tyson Foods Stock Performance

TSN stock opened at $52.39 on Thursday. The firm has a market cap of $18.64 billion, a PE ratio of 23.81, a P/E/G ratio of 0.71 and a beta of 0.57. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $55.37 and a 200-day moving average of $56.51. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $65.95.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.Tyson Foods's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect 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. Stockholders 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 dividend yield of 3.8%. Tyson Foods's dividend payout ratio is currently 90.91%.

Tyson Foods declared that its board has initiated a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is 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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