Tyson Foods, Inc. $TSN Stake Boosted by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Tyson Foods by 50.3% in the second quarter, now holding 15,906 shares valued at approximately $890,000.
• Tyson Foods announced a quarterly dividend of $0.50, payable on December 15th, indicating an annualized yield of 3.8%.
• After recent analyst ratings, Tyson Foods has an average recommendation of "Hold" with a consensus price target of $60.92.

Cookson Peirce & Co. Inc. raised its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 50.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,906 shares of the company's stock after buying an additional 5,323 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Tyson Foods were worth $890,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in Tyson Foods by 70.5% in the second quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company's stock valued at $3,195,000 after buying an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Tyson Foods by 66.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company's stock valued at $18,604,000 after buying an additional 132,947 shares during the last quarter. Bessemer Group Inc. lifted its stake in Tyson Foods by 11.3% in the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after buying an additional 651 shares during the last quarter. Tabor Asset Management LP bought a new stake in Tyson Foods in the first quarter valued at $2,180,000. Finally, VELA Investment Management LLC lifted its stake in Tyson Foods by 45.6% in the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after buying an additional 5,537 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSN shares. JPMorgan Chase & Co. started coverage on Tyson Foods in a report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. Bernstein Bank lowered Tyson Foods to a "market perform" rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Bank of America lowered their price target on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Santander started coverage on Tyson Foods in a report on Thursday, September 25th. They set a "neutral" rating on the stock. Finally, Stephens lowered their price target on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Two 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 stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus price target of $60.92.

Tyson Foods Price Performance

NYSE:TSN opened at $52.71 on Thursday. The business's 50-day moving average price is $54.77 and its 200 day moving average price is $55.85. The firm has a market cap of $18.75 billion, a P/E ratio of 23.96, a PEG ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a 52-week low of $51.07 and a 52-week high of $65.95. 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 released its 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. The firm 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%.Tyson Foods's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. 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 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Tyson Foods declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

About Tyson Foods

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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