DAVENPORT & Co LLC Sells 1,053 Shares of Tyson Foods, Inc. $TSN

DAVENPORT & Co LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,439 shares of the company’s stock after selling 1,053 shares during the period. DAVENPORT & Co LLC’s holdings in Tyson Foods were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSN. AQR Capital Management LLC lifted its stake in shares of Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after buying an additional 2,518,416 shares in the last quarter. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock valued at $298,604,000 after purchasing an additional 1,598,896 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock valued at $104,344,000 after purchasing an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock valued at $846,379,000 after purchasing an additional 1,271,750 shares during the last quarter. Finally, Amundi raised its holdings in shares of Tyson Foods by 96.3% in the first quarter. Amundi now owns 1,556,812 shares of the company’s stock valued at $98,951,000 after purchasing an additional 763,887 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TSN shares. Stephens lowered their target price on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bank of America lowered their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price for the company. BMO Capital Markets lowered their target price on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Finally, Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.92.

Tyson Foods Stock Performance

NYSE TSN opened at $52.09 on Friday. Tyson Foods, Inc. has a 52-week low of $51.53 and a 52-week high of $65.95. The company has a 50-day simple moving average of $55.35 and a 200 day simple moving average of $56.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The company has a market capitalization 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 posted its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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

Tyson Foods declared that its board has authorized a stock repurchase program on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Tyson Foods Company 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.