NorthRock Partners LLC Has $1.44 Million Stake in Tyson Foods, Inc. $TSN

NorthRock Partners LLC raised its position in Tyson Foods, Inc. (NYSE:TSN) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,804 shares of the company’s stock after purchasing an additional 3,759 shares during the quarter. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of Tyson Foods in the 1st quarter valued at about $28,000. Matrix Trust Co grew its holdings in shares of 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 acquiring an additional 564 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $37,000. Armstrong Advisory Group Inc. grew its holdings in shares of 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 acquiring an additional 388 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0%

Tyson Foods stock opened at $52.10 on Tuesday. The stock has a 50-day simple moving average of $55.32 and a 200 day simple moving average of $56.25. 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 stock 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. Tyson Foods, Inc. has a 52 week low of $51.50 and a 52 week high of $65.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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 firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.8%. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Tyson Foods announced that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSN. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Stephens decreased their price objective on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. JP Morgan Cazenove decreased their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets reduced their price target on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average target price 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.