Tyson Foods, Inc. $TSN Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,408 shares of the company’s stock after selling 1,863 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,540,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. denkapparat Operations GmbH grew its position in shares of Tyson Foods by 40.5% in the second quarter. denkapparat Operations GmbH now owns 5,518 shares of the company’s stock valued at $309,000 after purchasing an additional 1,590 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Tyson Foods by 21.7% in the second quarter. Forsta AP Fonden now owns 107,100 shares of the company’s stock worth $5,991,000 after acquiring an additional 19,100 shares during the last quarter. KBC Group NV boosted its stake in shares of Tyson Foods by 1.5% during the second quarter. KBC Group NV now owns 44,172 shares of the company’s stock valued at $2,471,000 after acquiring an additional 635 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Tyson Foods in the second quarter valued at approximately $8,521,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Tyson Foods by 0.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 302,080 shares of the company’s stock valued at $16,898,000 after purchasing an additional 2,483 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets upped their price target on shares of Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. began coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.75.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $53.73 on Wednesday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $64.72. The company has a market cap of $19.12 billion, a PE ratio of 24.42, a P/E/G ratio of 0.85 and a beta of 0.56. The stock has a 50 day simple moving average of $53.26 and a 200-day simple moving average of $54.72. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Tyson Foods has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 3.8%. Tyson Foods’s dividend payout ratio is presently 153.38%.

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.