Markel Group Inc. Acquires 17,500 Shares of Tyson Foods, Inc. $TSN

Markel Group Inc. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 816,000 shares of the company’s stock after acquiring an additional 17,500 shares during the quarter. Markel Group Inc. owned 0.23% of Tyson Foods worth $45,647,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in Tyson Foods by 70.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after buying an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Tyson Foods by 66.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after buying an additional 132,947 shares during the last quarter. Bessemer Group Inc. raised its holdings in Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock valued at $408,000 after buying an additional 651 shares during the last quarter. Tabor Asset Management LP bought a new stake in Tyson Foods during the 1st quarter valued at $2,180,000. Finally, VELA Investment Management LLC raised its holdings in Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock valued at $1,128,000 after buying an additional 5,537 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

TSN opened at $52.20 on Wednesday. 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 stock has a market capitalization of $18.57 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.87 and a beta of 0.57. The company’s 50-day simple moving average is $54.41 and its two-hundred day simple moving average is $55.61. Tyson Foods, Inc. has a 52-week low of $51.04 and a 52-week high of $65.95.

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

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

Tyson Foods Announces Dividend

The firm also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

Analysts Set New Price Targets

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

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.