Tyson Foods, Inc. $TSN Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 25.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,227 shares of the company’s stock after selling 2,475 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tyson Foods were worth $404,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods in the first quarter valued at approximately $28,000. Matrix Trust Co grew its holdings in Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after buying an additional 564 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at $37,000. Armstrong Advisory Group Inc. grew its holdings 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 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.0%

NYSE TSN opened at $52.09 on Friday. The firm 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. Tyson Foods, Inc. has a one year low of $51.53 and a one year high of $65.95. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 0.85 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 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 during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the firm posted $0.87 earnings per share. 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. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued 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 3.8%. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Tyson Foods declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday. Stephens lowered their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. BMO Capital Markets lowered their price objective 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. Santander initiated coverage on Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.92.

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.