Peddock Capital Advisors LLC Raises Stock Position in Tyson Foods, Inc. $TSN

Peddock Capital Advisors LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 21,152 shares of the company’s stock after buying an additional 217 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Tyson Foods were worth $1,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in Tyson Foods during the 1st quarter valued at approximately $28,000. Curat Global LLC acquired a new stake in Tyson Foods during the 1st quarter valued at approximately $28,000. Matrix Trust Co lifted its stake in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the period. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Tyson Foods by 130.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JP Morgan Cazenove dropped their target price on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Stephens dropped their target price on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a “buy” rating and a $67.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $61.25.

Tyson Foods Trading Up 0.2%

Shares of TSN stock opened at $53.76 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The firm has a market cap of $19.13 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company has a 50-day moving average of $55.30 and a two-hundred day moving average of $56.98. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $65.95.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.