Sequoia Financial Advisors LLC Increases Position in Tyson Foods, Inc. $TSN

Sequoia Financial Advisors LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 65.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,374 shares of the company’s stock after purchasing an additional 6,452 shares during the period. Sequoia Financial Advisors LLC’s holdings in Tyson Foods were worth $916,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. 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 acquiring an additional 191 shares in the last quarter. Horizon Investments LLC increased its stake in Tyson Foods by 5.1% in the first quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock valued at $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance grew its stake 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 valued at $581,000 after buying an additional 204 shares during the last quarter. Peddock Capital Advisors LLC grew its stake 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 valued at $1,183,000 after buying an additional 217 shares during the last quarter. Finally, Everpar Advisors LLC grew its stake in shares of Tyson Foods by 0.4% in the second quarter. Everpar Advisors LLC now owns 63,483 shares of the company’s stock worth $3,551,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TSN. BMO Capital Markets cut their target price on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. started coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target on the stock. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Santander began coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Finally, Bernstein Bank downgraded shares of Tyson Foods to a “market perform” rating and lowered their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.92.

Tyson Foods Trading Up 0.7%

NYSE:TSN opened at $52.53 on Friday. The company has a market capitalization of $18.69 billion, a P/E ratio of 23.88, a PEG ratio of 0.85 and a beta of 0.57. The firm has a fifty day simple moving average of $55.04 and a 200-day simple moving average of $56.05. Tyson Foods, Inc. has a 12 month low of $51.07 and a 12 month high of $65.95. 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 issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The business 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 company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

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

Tyson Foods Dividend Announcement

The firm 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 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is currently 90.91%.

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.