ZWJ Investment Counsel Inc. Has $22.54 Million Stock Position in Tyson Foods, Inc. $TSN

Key Points

• ZWJ Investment Counsel Inc. increased its stake in Tyson Foods, Inc. by 3.4%, owning 403,009 shares worth approximately $22.54 million at the end of the second quarter.
• Multiple large investors, including AQR Capital Management and Pacer Advisors, significantly boosted their stakes in Tyson Foods during the first quarter, indicating growing institutional interest.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, with an annualized yield of 3.7%, alongside a share buyback program for up to 43 million shares.

ZWJ Investment Counsel Inc. increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 403,009 shares of the company's stock after purchasing an additional 13,383 shares during the period. ZWJ Investment Counsel Inc. owned approximately 0.11% of Tyson Foods worth $22,544,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSN. AQR Capital Management LLC grew its stake in Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after purchasing an additional 2,518,416 shares during the period. Davis Selected Advisers grew its stake in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares during the period. Pacer Advisors Inc. grew its stake in Tyson Foods by 4,207.2% during the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC grew its stake in Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after acquiring an additional 1,271,750 shares during the period. Finally, Amundi grew its stake in Tyson Foods by 96.3% in the first quarter. Amundi now owns 1,556,812 shares of the company's stock valued at $98,951,000 after acquiring an additional 763,887 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TSN shares. Bernstein Bank cut Tyson Foods to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective for the company. Santander started coverage on Tyson Foods in a research note on Thursday, September 25th. They issued a "neutral" rating for the company. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.25.

Tyson Foods Stock Up 0.5%

TSN stock opened at $54.71 on Friday. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month 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. The stock's 50 day moving average is $55.36 and its 200-day moving average is $56.66. The firm has a market capitalization of $19.46 billion, a PE ratio of 24.87, a P/E/G ratio of 0.71 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the company earned $0.87 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Sell-side 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. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its Board of Directors has approved a share buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually 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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