Quadcap Wealth Management LLC Purchases Shares of 7,391 Tyson Foods, Inc. $TSN

Key Points

• Quadcap Wealth Management LLC purchased 7,391 shares of Tyson Foods, valued at approximately $472,000, during the first quarter, marking a new investment in the company.
• Tyson Foods announced a quarterly dividend of $0.50 per share, representing a 3.5% dividend yield, to be paid on December 15th.
• Equities analysts generally rate Tyson Foods with a consensus rating of "Hold", with a target price averaging $61.25 per share.

Quadcap Wealth Management LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,391 shares of the company's stock, valued at approximately $472,000.

A number of other hedge funds have also bought and sold shares of the stock. Redwood Investment Management LLC purchased a new stake in shares of Tyson Foods in the 1st quarter valued at $1,307,000. Gabelli Funds LLC boosted its holdings in Tyson Foods by 16.3% during the first quarter. Gabelli Funds LLC now owns 75,600 shares of the company's stock worth $4,824,000 after buying an additional 10,600 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Tyson Foods by 62.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 475,685 shares of the company's stock worth $30,353,000 after acquiring an additional 182,277 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Tyson Foods by 11.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 49,488 shares of the company's stock worth $3,158,000 after acquiring an additional 5,077 shares during the period. Finally, Comerica Bank raised its position in Tyson Foods by 2.1% during the first quarter. Comerica Bank now owns 61,602 shares of the company's stock worth $3,931,000 after acquiring an additional 1,266 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TSN shares. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective for the company. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and lowered their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, 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. Two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $57.22 on Wednesday. The firm's fifty day simple moving average is $55.24 and its 200-day simple moving average is $57.56. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. 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 stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the firm posted $0.87 EPS. Tyson Foods's quarterly revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's payout ratio is presently 90.91%.

Tyson Foods announced that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

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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