Tyson Foods, Inc. $TSN Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 92,655 shares of the company’s stock after selling 2,107 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tyson Foods were worth $5,183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TSN. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the 1st quarter worth approximately $28,000. Matrix Trust Co raised its holdings in Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the last quarter. Beacon Capital Management LLC acquired a new position in Tyson Foods in the 2nd quarter valued at $37,000. Armstrong Advisory Group Inc. raised its holdings in Tyson Foods by 130.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after acquiring an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods in the 2nd quarter valued at $41,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.9%

Shares of NYSE TSN opened at $51.36 on Monday. Tyson Foods, Inc. has a 52-week low of $51.04 and a 52-week high of $65.95. The firm has a fifty day moving average of $54.57 and a 200-day moving average of $55.72. The stock has a market capitalization of $18.27 billion, a PE ratio of 23.34, a P/E/G ratio of 0.86 and a beta of 0.57. 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) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $13.54 billion. During the same period in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Bank of America cut their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Sanford C. Bernstein downgraded Tyson Foods from an “outperform” rating to a “market perform” rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research note on Friday. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average price target of $60.92.

Tyson Foods 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.