Tyson Foods, Inc. $TSN Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 42.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,457 shares of the company’s stock after buying an additional 2,208 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Tyson Foods were worth $406,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSN. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a research report on Wednesday, October 8th. Santander began coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. JP Morgan Cazenove reduced their price target on shares of 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 cut shares of Tyson Foods to a “market perform” rating and reduced their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.92.

Tyson Foods Stock Down 1.7%

TSN stock opened at $51.83 on Friday. The company’s 50 day moving average price is $54.68 and its 200 day moving average price is $55.81. 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 fifty-two week low of $51.07 and a fifty-two week high of $65.95. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.86 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period in the prior year, the firm earned $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, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend payout ratio is presently 90.91%.

Tyson Foods declared that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership 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.