Atria Wealth Solutions Inc. Sells 386 Shares of Tyson Foods, Inc. $TSN

Atria Wealth Solutions Inc. lessened its position in Tyson Foods, Inc. (NYSE:TSN) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,938 shares of the company’s stock after selling 386 shares during the period. Atria Wealth Solutions Inc.’s holdings in Tyson Foods were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Tyson Foods by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock worth $2,294,697,000 after purchasing an additional 247,051 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Tyson Foods by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock worth $766,865,000 after purchasing an additional 444,648 shares in the last quarter. Northern Trust Corp increased its holdings in Tyson Foods by 0.8% in the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after purchasing an additional 36,941 shares in the last quarter. Davis Selected Advisers increased its holdings in Tyson Foods by 51.9% in the 1st 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 in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Tyson Foods by 776.8% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TSN shares. Bank of America lowered their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target for the company. Bernstein Bank cut Tyson Foods to a “market perform” rating and decreased their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $60.92.

Tyson Foods Trading Up 0.7%

NYSE TSN opened at $52.53 on Friday. The business has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $56.00. Tyson Foods, Inc. has a one year low of $51.07 and a one year high of $65.95. The stock has a market capitalization of $18.69 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.86 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

Tyson Foods (NYSE:TSN) last released its 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 return on equity of 7.49% and a net margin of 1.45%.The business had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

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

Tyson Foods declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are 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.