WealthPlan Investment Management LLC Raises Holdings in Tyson Foods, Inc. $TSN

Key Points

• WealthPlan Investment Management LLC increased its stake in Tyson Foods, growing holdings by 1,583.2% in the 2nd quarter, raising their total to 193,885 shares worth approximately $10.8 million.
• Tyson Foods reported earnings per share of $0.91 for the last quarter, surpassing estimates and achieving 4.0% revenue growth year-over-year.
• The company has authorized a share repurchase program for up to 43 million shares, indicating confidence in the stock's current valuation.

WealthPlan Investment Management LLC grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1,583.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,885 shares of the company's stock after buying an additional 182,366 shares during the quarter. WealthPlan Investment Management LLC owned 0.05% of Tyson Foods worth $10,846,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TSN. AQR Capital Management LLC raised its position in shares of Tyson Foods by 776.8% in the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after acquiring an additional 2,518,416 shares in the last quarter. Davis Selected Advisers raised its position in shares of Tyson Foods by 51.9% in the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after acquiring an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. grew its stake in Tyson Foods by 4,207.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after buying an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC grew its stake in Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after buying an additional 1,271,750 shares during the last quarter. Finally, Amundi grew its stake in Tyson Foods by 96.3% during the 1st quarter. Amundi now owns 1,556,812 shares of the company's stock worth $98,951,000 after buying an additional 763,887 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.0%

Tyson Foods stock opened at $52.83 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The business's 50-day simple moving average is $55.21 and its two-hundred day simple moving average is $56.20. The company has a market cap of $18.79 billion, a PE ratio of 24.01, a PEG ratio of 0.87 and a beta of 0.57. Tyson Foods, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $65.95.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its Board of Directors has approved a share repurchase 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. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Tyson Foods Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSN shares. JP Morgan Cazenove dropped their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and dropped their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bank of America dropped their target price on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a "hold (c)" rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group started coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $60.92.

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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