Bangor Savings Bank Boosts Holdings in Tyson Foods, Inc. $TSN

Bangor Savings Bank increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,274 shares of the company’s stock after purchasing an additional 420 shares during the period. Bangor Savings Bank’s holdings in Tyson Foods were worth $910,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after purchasing an additional 191 shares in the last quarter. Horizon Investments LLC increased its stake in Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance increased its stake in Tyson Foods by 2.3% in the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after acquiring an additional 204 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Tyson Foods by 0.6% in the 1st quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company’s stock worth $2,250,000 after acquiring an additional 208 shares during the last quarter. Finally, Unison Advisors LLC increased its stake in Tyson Foods by 0.9% in the 1st quarter. Unison Advisors LLC now owns 26,209 shares of the company’s stock worth $1,672,000 after acquiring an additional 232 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 1.6%

Shares of TSN stock opened at $55.17 on Friday. The stock’s 50-day simple moving average is $55.39 and its 200-day simple moving average is $57.33. 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 has a market capitalization of $19.63 billion, a PE ratio of 25.08, a P/E/G ratio of 0.76 and a beta of 0.59. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $65.95.

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

Tyson Foods announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 90.91%.

Analysts Set New Price Targets

A number of analysts have issued reports on TSN shares. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on Tyson Foods in a research report on Monday, June 23rd. They set a “buy” rating and a $67.00 price target on the stock. 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 target on the stock. Finally, Bernstein Bank cut Tyson Foods to a “market perform” rating and decreased their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.25.

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.