Raymond James Financial Inc. Increases Position in Tyson Foods, Inc. $TSN

Key Points

• Raymond James Financial Inc. increased its stake in Tyson Foods, Inc. by 12.3% in the first quarter, owning 431,214 shares valued at approximately $27.5 million.
• Several brokerages have recently downgraded their ratings on Tyson Foods, with target prices now ranging from $55.00 to $60.00, leading to a consensus rating of "Hold" for the stock.
• Tyson Foods declared a quarterly dividend of $0.50 per share, set to be paid on December 15th, which reflects an annualized yield of 3.5%.

Raymond James Financial Inc. grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,214 shares of the company's stock after acquiring an additional 47,178 shares during the quarter. Raymond James Financial Inc. owned about 0.12% of Tyson Foods worth $27,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TSN. First Trust Advisors LP increased its holdings in shares of Tyson Foods by 348.4% in the 4th quarter. First Trust Advisors LP now owns 373,876 shares of the company's stock valued at $21,475,000 after acquiring an additional 290,501 shares during the period. MML Investors Services LLC grew its stake in Tyson Foods by 11.8% during the 4th quarter. MML Investors Services LLC now owns 32,028 shares of the company's stock worth $1,840,000 after buying an additional 3,371 shares during the last quarter. Syon Capital LLC grew its stake in Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after buying an additional 174 shares during the last quarter. Nebula Research & Development LLC purchased a new position in Tyson Foods during the 4th quarter worth $1,082,000. Finally, Two Sigma Securities LLC grew its stake in Tyson Foods by 20.9% during the 4th quarter. Two Sigma Securities LLC now owns 6,287 shares of the company's stock worth $361,000 after buying an additional 1,087 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on TSN. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Stephens dropped their target price on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. JP Morgan Cazenove dropped their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a "neutral" rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $61.25.

Tyson Foods Stock Performance

Shares of TSN opened at $57.5860 on Monday. The stock has a 50-day moving average of $55.14 and a two-hundred day moving average of $57.56. Tyson Foods, Inc. has a one year low of $51.85 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock has a market cap of $20.49 billion, a P/E ratio of 26.18, a P/E/G ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping 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 analysts' expectations of $13.54 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

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

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