Wealth Enhancement Advisory Services LLC Purchases 11,500 Shares of Tyson Foods, Inc. $TSN

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Tyson Foods by 33% in Q2, now owning 46,335 shares worth approximately $2.66 million.
• Several analysts recently downgraded Tyson Foods' stock ratings and lowered price targets, with a consensus target of $61.25 and a majority rating of "Hold."
• Tyson Foods announced a quarterly dividend of $0.50 per share, with a 3.7% yield and a share buyback program for up to 43 million shares.

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 33.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,335 shares of the company's stock after acquiring an additional 11,500 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Tyson Foods were worth $2,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Curat Global LLC purchased a new position in Tyson Foods in the 1st quarter valued at approximately $28,000. Zions Bancorporation National Association UT bought a new position in Tyson Foods during the first quarter worth about $28,000. Rossby Financial LCC bought a new stake in shares of Tyson Foods in the 1st quarter valued at about $53,000. Plato Investment Management Ltd increased its position in shares of Tyson Foods by 325.6% in the first quarter. Plato Investment Management Ltd now owns 881 shares of the company's stock valued at $57,000 after acquiring an additional 674 shares during the last quarter. Finally, Siemens Fonds Invest GmbH bought a new stake in Tyson Foods in the 4th quarter valued at about $65,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on TSN. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Santander assumed coverage on Tyson Foods in a research report on Thursday. They set a "neutral" rating on the stock. BMO Capital Markets reduced their target price on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. Finally, JP Morgan Cazenove dropped their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Up 0.7%

TSN opened at $54.15 on Friday. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $65.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59. The business has a 50-day moving average of $55.32 and a two-hundred day moving average of $56.83.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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 net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.7%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its Board of Directors has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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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