Janney Montgomery Scott LLC Cuts Position in Tyson Foods, Inc. $TSN

Janney Montgomery Scott LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 7.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 24,062 shares of the company’s stock after selling 1,917 shares during the period. Janney Montgomery Scott LLC’s holdings in Tyson Foods were worth $1,346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSN. State of Alaska Department of Revenue raised its stake in shares of Tyson Foods by 70.5% during 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 purchasing an additional 23,625 shares during the period. Bessemer Group Inc. raised its stake in shares of Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock valued at $408,000 after purchasing an additional 651 shares during the period. Tabor Asset Management LP purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $2,180,000. VELA Investment Management LLC raised its stake in shares of Tyson Foods by 45.6% during the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock valued at $1,128,000 after purchasing an additional 5,537 shares during the period. Finally, World Investment Advisors raised its stake in shares of Tyson Foods by 54.2% during the first quarter. World Investment Advisors now owns 14,861 shares of the company’s stock valued at $948,000 after purchasing an additional 5,226 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $52.09 on Monday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $55.35 and its two-hundred day moving average price is $56.32. Tyson Foods, Inc. has a 52 week low of $51.53 and a 52 week high of $65.95. The stock has a market cap of $18.53 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last issued its quarterly 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 firm had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same period in the previous year, the business earned $0.87 earnings per share. Tyson Foods’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. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s payout ratio is presently 90.91%.

Tyson Foods announced that its board has initiated a stock buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and dropped their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target for the company. Santander initiated coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. BMO Capital Markets dropped their price target on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.