Tyson Foods, Inc. $TSN Holdings Decreased by Polaris Capital Management LLC

Key Points

• Polaris Capital Management LLC has reduced its stake in Tyson Foods, Inc. by 6.1%, now holding approximately 0.13% of the company valued at $25.25 million.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, which will be paid on December 15th, demonstrating a dividend yield of 3.7%.
• The company reported $0.91 earnings per share for the previous quarter, exceeding analysts' expectations of $0.72, along with a revenue increase of 4.0% year-over-year.

Polaris Capital Management LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,348 shares of the company's stock after selling 29,300 shares during the quarter. Polaris Capital Management LLC owned approximately 0.13% of Tyson Foods worth $25,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after acquiring an additional 191 shares during the last quarter. Horizon Investments LLC boosted its position in Tyson Foods by 5.1% during the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock valued at $262,000 after purchasing an additional 201 shares during the period. Independent Advisor Alliance boosted its position in Tyson Foods by 2.3% during the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock valued at $581,000 after purchasing an additional 204 shares during the period. Cornerstone Wealth Management LLC boosted its position in Tyson Foods by 0.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock valued at $2,250,000 after purchasing an additional 208 shares during the period. Finally, Peddock Capital Advisors LLC boosted its position in Tyson Foods by 1.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company's stock valued at $1,183,000 after purchasing an additional 217 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Up 0.5%

Shares of TSN stock opened at $54.71 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $65.95. The stock has a fifty day moving average of $55.36 and a two-hundred day moving average of $56.66. The firm has a market capitalization of $19.46 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 0.71 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (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 analyst estimates of $13.54 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm'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, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company 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. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Tyson Foods's dividend payout ratio is 90.91%.

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

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of analyst reports. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. The Goldman Sachs Group initiated coverage on 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 Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Tyson Foods in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.

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