10,573 Shares in Tyson Foods, Inc. $TSN Purchased by Brighton Jones LLC

Brighton Jones LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,573 shares of the company’s stock, valued at approximately $591,000.

A number of other large investors also recently bought and sold shares of TSN. Zions Bancorporation National Association UT acquired a new position in Tyson Foods in the 1st quarter worth about $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 worth $32,000 after purchasing an additional 564 shares during the period. Beacon Capital Management LLC acquired a new position in Tyson Foods in the 2nd quarter worth about $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 worth $38,000 after purchasing an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in Tyson Foods in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of several research reports. Santander initiated coverage on Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. JP Morgan Cazenove cut their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday, July 7th. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.92.

Tyson Foods Price Performance

TSN stock opened at $52.20 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The business has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $55.61. The firm has a market capitalization of $18.57 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57. Tyson Foods, Inc. has a 1 year low of $51.04 and a 1 year high of $65.95.

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

Tyson Foods declared that its board has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Tyson Foods Announces Dividend

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

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.