Sound Income Strategies LLC Grows Position in Tyson Foods, Inc. $TSN

Sound Income Strategies LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 65,309 shares of the company’s stock after purchasing an additional 4,003 shares during the period. Sound Income Strategies LLC’s holdings in Tyson Foods were worth $3,653,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Curat Global LLC purchased a new stake in Tyson Foods in the 1st quarter valued at about $28,000. Zions Bancorporation National Association UT purchased a new stake in Tyson Foods in the 1st quarter valued at about $28,000. Matrix Trust Co boosted its position 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 during the period. Beacon Capital Management LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at about $37,000. Finally, Armstrong Advisory Group Inc. boosted its position in Tyson Foods by 130.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after buying an additional 388 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.7%

NYSE:TSN opened at $54.15 on Monday. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $65.95. The firm has a 50 day moving average of $55.32 and a 200 day moving average of $56.81. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 0.74 and a beta of 0.59.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating 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 company had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Tyson Foods’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. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods announced that its board has approved a share buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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 given a dividend of $0.50 per share. 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 dividend payout ratio is presently 90.91%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSN. JP Morgan Cazenove lowered their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 7th. Sanford C. Bernstein cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Stephens lowered their price target on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and lowered their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock 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.