Tyson Foods, Inc. $TSN Shares Sold by Stephens Inc. AR

Key Points

• Stephens Inc. AR reduced its stake in Tyson Foods by 8.6%, now holding 54,182 shares worth approximately $3.03 million.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, equating to an annual yield of 3.8%, with an ex-dividend date set for December 1st.
• The company's latest earnings report showed an EPS of $0.91, exceeding estimates, alongside revenue of $13.88 billion, marking a 4% increase from the same quarter last year.

Stephens Inc. AR cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,182 shares of the company's stock after selling 5,086 shares during the period. Stephens Inc. AR's holdings in Tyson Foods were worth $3,031,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TSN. Vanguard Group Inc. boosted its stake in Tyson Foods by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock valued at $2,294,697,000 after purchasing an additional 247,051 shares during the period. Pzena Investment Management LLC boosted its stake in Tyson Foods by 3.4% during the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company's stock valued at $766,865,000 after purchasing an additional 444,648 shares during the period. Northern Trust Corp boosted its stake in Tyson Foods by 0.8% during the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after purchasing an additional 36,941 shares during the period. Davis Selected Advisers boosted its stake in Tyson Foods by 51.9% during the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after purchasing an additional 1,598,896 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Tyson Foods by 776.8% during the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock valued at $180,933,000 after purchasing an additional 2,518,416 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Santander assumed coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a "neutral" rating for the company. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and reduced their target price for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Finally, Stephens dropped their price target on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $60.92.

Tyson Foods Stock Performance

Shares of TSN opened at $52.71 on Thursday. The company's 50 day moving average price is $54.77 and its 200 day moving average price is $55.85. Tyson Foods, Inc. has a 52 week low of $51.07 and a 52 week high of $65.95. The company has a market capitalization of $18.75 billion, a PE ratio of 23.96, a PEG ratio of 0.86 and a beta of 0.57. 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The business 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 business earned $0.87 EPS. Tyson Foods's quarterly revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

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

Tyson Foods declared that its board has approved a stock buyback plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

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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