Tyson Foods, Inc. $TSN Holdings Reduced by D L Carlson Investment Group Inc.

Key Points

• D L Carlson Investment Group Inc. has reduced its holdings in Tyson Foods, Inc. by 11.4%, now owning 42,533 shares worth approximately $2.71 million.
• Tyson Foods reported a quarterly earnings per share (EPS) of $0.91, exceeding estimates and reflecting a 4.0% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.50, with payment scheduled for December 15th, representing an annualized yield of 3.5%.

D L Carlson Investment Group Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,533 shares of the company's stock after selling 5,465 shares during the period. D L Carlson Investment Group Inc.'s holdings in Tyson Foods were worth $2,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Tyson Foods in the 4th quarter worth about $25,000. Curat Global LLC bought a new position in Tyson Foods in the 1st quarter worth about $28,000. Zions Bancorporation National Association UT bought a new position in Tyson Foods in the 1st quarter worth about $28,000. Rossby Financial LCC bought a new position in Tyson Foods in the 1st quarter worth about $53,000. Finally, Siemens Fonds Invest GmbH bought a new position in Tyson Foods in the 4th quarter worth about $65,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.4%

TSN stock opened at $57.22 on Wednesday. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. The firm has a market cap of $20.36 billion, a PE ratio of 26.01, a P/E/G ratio of 0.78 and a beta of 0.59. The firm has a 50 day simple moving average of $55.24 and a 200 day simple moving average of $57.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

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, beating the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.50 dividend. 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 dividend payout ratio is 90.91%.

Tyson Foods announced that its Board of Directors has approved 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 often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSN. JP Morgan Cazenove reduced their price target 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. Stephens reduced their price target on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. BMO Capital Markets reduced their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. Finally, Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and reduced their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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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