Greenleaf Trust Sells 642 Shares of Tyson Foods, Inc. $TSN

Greenleaf Trust lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,762 shares of the company’s stock after selling 642 shares during the period. Greenleaf Trust’s holdings in Tyson Foods were worth $210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its stake in shares of 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 worth $3,195,000 after acquiring an additional 23,625 shares during the last quarter. Bessemer Group Inc. lifted its position in Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock valued at $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP purchased a new position in Tyson Foods during the first quarter valued at $2,180,000. VELA Investment Management LLC increased its position in Tyson Foods by 45.6% in the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock worth $1,128,000 after buying an additional 5,537 shares in the last quarter. Finally, World Investment Advisors increased its position in Tyson Foods by 54.2% in the first quarter. World Investment Advisors now owns 14,861 shares of the company’s stock worth $948,000 after buying an additional 5,226 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $54.71 on Friday. The company has a market cap of $19.46 billion, a P/E ratio of 24.87, a P/E/G ratio of 0.72 and a beta of 0.57. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $65.95. 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 firm’s fifty day moving average is $55.36 and its two-hundred day moving average is $56.63.

Tyson Foods (NYSE:TSN) last released 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 the consensus estimate of $13.54 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

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

Tyson Foods Announces Dividend

The company also recently disclosed 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 of this dividend 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 presently 90.91%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSN. BMO Capital Markets lowered their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday, July 28th. Bernstein Bank downgraded 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. Santander assumed coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. Zacks Research downgraded shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price for the company. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.25.

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.