Tweedy Browne Co LLC Takes Position in Tyson Foods, Inc. $TSN

Key Points

• Tweedy Browne Co LLC has acquired a new stake in Tyson Foods, purchasing 6,907 shares valued at approximately $386,000 during the 2nd quarter.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, with a $2.00 annualized dividend representing a yield of 3.8%.
• The company's stock has a market cap of $18.55 billion and recent earnings exceeded analysts' expectations, posting $0.91 EPS against a forecast of $0.72.

Tweedy Browne Co LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,907 shares of the company's stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods during the first quarter worth $28,000. Matrix Trust Co boosted its holdings in shares of Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company's stock valued at $32,000 after acquiring an additional 564 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter valued at $37,000. Armstrong Advisory Group Inc. grew its position 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 acquiring an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods in the 2nd quarter worth about $41,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

TSN stock opened at $52.15 on Friday. The firm has a market cap of $18.55 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $55.13 and a 200-day moving average price of $56.12. Tyson Foods, Inc. has a 1-year low of $51.07 and a 1-year high of $65.95.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. The company had revenue of $13.88 billion for 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%.The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's payout ratio is 90.91%.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSN shares. JP Morgan Cazenove reduced their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 7th. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group began coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.92.

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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