Tyson Foods, Inc. $TSN Shares Sold by Thompson Investment Management Inc.

Key Points

• Thompson Investment Management Inc. reduced its holdings in Tyson Foods by 71.1%, selling 54,792 shares, and now owns 22,264 shares worth approximately $1.25 million.
• Tyson Foods reported quarterly earnings of $0.91 per share, exceeding analyst expectations, and its revenue was up 4% compared to the previous year.
• The company has announced a quarterly dividend of $0.50 per share, which translates to an annual yield of 3.9%, with the dividend payout ratio currently at 90.91%.

Thompson Investment Management Inc. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 71.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 22,264 shares of the company's stock after selling 54,792 shares during the period. Thompson Investment Management Inc.'s holdings in Tyson Foods were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TSN. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods in the first quarter worth about $28,000. Matrix Trust Co increased its position in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company's stock worth $32,000 after acquiring an additional 564 shares during the last quarter. Beacon Capital Management LLC purchased a new stake in shares of Tyson Foods during the second quarter worth about $37,000. Armstrong Advisory Group Inc. increased its holdings 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 purchasing an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Bernstein Bank lowered Tyson Foods to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JP Morgan Cazenove dropped their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Bank of America decreased their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Santander initiated coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average target price of $60.92.

Tyson Foods Stock Down 1.6%

TSN stock opened at $51.59 on Friday. The firm's 50-day simple moving average is $55.36 and its 200 day simple moving average is $56.45. Tyson Foods, Inc. has a fifty-two week low of $51.56 and a fifty-two week high of $65.95. The stock has a market cap of $18.35 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 0.70 and a beta of 0.57. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

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, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion for the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The firm's quarterly 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, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has initiated a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

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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