Forum Financial Management LP Grows Position in Tyson Foods, Inc. $TSN

Forum Financial Management LP grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,101 shares of the company’s stock after acquiring an additional 289 shares during the quarter. Forum Financial Management LP’s holdings in Tyson Foods were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods in the first quarter valued at $28,000. Matrix Trust Co grew its position in shares of Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after purchasing an additional 564 shares during the period. Beacon Capital Management LLC purchased a new stake in shares of Tyson Foods in the second quarter valued at $37,000. Armstrong Advisory Group Inc. grew its position in shares of Tyson Foods by 130.6% in the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods in the second quarter valued at $41,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TSN. Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Bank of America lowered their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. JP Morgan Cazenove lowered their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research report on Friday. Finally, BMO Capital Markets lowered their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.92.

Tyson Foods Trading Down 0.9%

Shares of TSN opened at $51.36 on Friday. The stock’s 50-day moving average is $54.57 and its two-hundred day moving average is $55.75. The stock has a market cap of $18.27 billion, a PE ratio of 23.34, a P/E/G ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a 12 month low of $51.04 and a 12 month high of $65.95. 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 issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

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

Tyson Foods declared that its Board of Directors has approved a share buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is 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.