Tyson Foods, Inc. $TSN Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 6.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 451,348 shares of the company’s stock after selling 29,300 shares during the period. Polaris Capital Management LLC’s holdings in Tyson Foods were worth $25,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TSN. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 66.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company’s stock worth $1,017,000 after purchasing an additional 7,092 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Tyson Foods during the first quarter worth $1,119,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Tyson Foods during the first quarter worth $561,000. Naples Global Advisors LLC raised its position in shares of Tyson Foods by 15.0% during the first quarter. Naples Global Advisors LLC now owns 22,772 shares of the company’s stock worth $1,453,000 after purchasing an additional 2,978 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of Tyson Foods during the first quarter worth $28,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.5%

NYSE:TSN opened at $54.71 on Friday. The business’s fifty day moving average price is $55.36 and its 200 day moving average price is $56.66. 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, Inc. has a 1-year low of $51.85 and a 1-year high of $65.95. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 0.71 and a beta of 0.57.

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

Tyson Foods declared that its Board of Directors has approved a share repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s payout ratio is 90.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They set a “buy” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. began coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. JP Morgan Cazenove dropped their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 7th. Bernstein Bank lowered Tyson Foods to a “market perform” rating and dropped their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein lowered Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. 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 company. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $61.25.

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.