Primecap Management Co. CA Sells 5,000 Shares of Tyson Foods, Inc. $TSN

Primecap Management Co. CA cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 418,500 shares of the company’s stock after selling 5,000 shares during the quarter. Primecap Management Co. CA’s holdings in Tyson Foods were worth $23,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods in the first quarter valued at about $28,000. NewSquare Capital LLC lifted its stake in Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares in the last quarter. Matrix Trust Co boosted its position in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the last quarter. First Command Advisory Services Inc. grew its stake in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after acquiring an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TSN shares. Santander started coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating for the company. BMO Capital Markets increased their price objective on shares of Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Finally, JPMorgan Chase & Co. began coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.75.

Tyson Foods Trading Down 0.7%

Tyson Foods stock opened at $52.71 on Friday. The stock has a 50-day simple moving average of $53.15 and a 200 day simple moving average of $54.69. The stock has a market capitalization of $18.75 billion, a P/E ratio of 23.96, a PEG ratio of 0.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $64.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. The company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. Tyson Foods has set its FY 2026 guidance at EPS. Analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

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

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.51 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio is presently 153.38%.

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.