WealthPLAN Partners LLC Makes New $2.92 Million Investment in Tyson Foods, Inc. $TSN

WealthPLAN Partners LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 52,198 shares of the company’s stock, valued at approximately $2,920,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Tyson Foods by 70.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock worth $3,195,000 after purchasing an additional 23,625 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Tyson Foods by 66.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock worth $18,604,000 after purchasing an additional 132,947 shares in the last quarter. Bessemer Group Inc. raised its stake in Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock worth $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP acquired a new stake in Tyson Foods in the 1st quarter worth about $2,180,000. Finally, VELA Investment Management LLC raised its stake in Tyson Foods by 45.6% in the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock worth $1,128,000 after purchasing an additional 5,537 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stephens dropped their target price on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 target price for the company. Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and dropped their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Santander assumed coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.92.

Tyson Foods Trading Down 0.0%

Shares of Tyson Foods stock opened at $52.83 on Thursday. The firm has a market capitalization of $18.79 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.87 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. The firm’s 50 day moving average is $55.21 and its 200 day moving average is $56.20. Tyson Foods, Inc. has a 1 year low of $51.07 and a 1 year high of $65.95.

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

Tyson Foods Dividend Announcement

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

Tyson Foods announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Tyson Foods 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.