Tyson Foods, Inc. $TSN Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,898 shares of the company’s stock after purchasing an additional 3,360 shares during the period. Vontobel Holding Ltd.’s holdings in Tyson Foods were worth $889,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TSN. Allworth Financial LP lifted its position in shares of Tyson Foods by 12.6% during the first quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after purchasing an additional 191 shares during the last quarter. Horizon Investments LLC lifted its position in shares of Tyson Foods by 5.1% during the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after purchasing an additional 201 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after purchasing an additional 204 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Tyson Foods by 0.6% during the first quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company’s stock worth $2,250,000 after purchasing an additional 208 shares during the last quarter. Finally, Peddock Capital Advisors LLC lifted its position in shares of Tyson Foods by 1.0% during the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after purchasing an additional 217 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $52.09 on Monday. The firm’s 50 day moving average is $55.35 and its two-hundred day moving average is $56.32. Tyson Foods, Inc. has a 52 week low of $51.53 and a 52 week high of $65.95. The firm has a market capitalization of $18.53 billion, a P/E ratio of 23.68, a PEG ratio of 0.85 and a beta of 0.57. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results 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 company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same quarter last year, the business earned $0.87 earnings per share. Tyson Foods’s revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods declared that its board has approved a share buyback plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently disclosed 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 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSN shares. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. JP Morgan Cazenove cut their target price on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. 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 on the stock. Zacks Research cut shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, Sanford C. Bernstein cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $74.00 to $59.00 in a 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $60.92.

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.