Asset Management One Co. Ltd. Sells 7,160 Shares of Tyson Foods, Inc. $TSN

Asset Management One Co. Ltd. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.8% in the 2nd quarter, Holdings Channel reports. The firm owned 142,391 shares of the company’s stock after selling 7,160 shares during the period. Asset Management One Co. Ltd.’s holdings in Tyson Foods were worth $7,965,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TSN. Zions Bancorporation National Association UT purchased a new position in shares of Tyson Foods in the first quarter worth $28,000. Matrix Trust Co raised its stake in shares of Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the last quarter. Beacon Capital Management LLC purchased a new position in shares of Tyson Foods in the second quarter worth $37,000. Armstrong Advisory Group Inc. raised its stake in shares of Tyson Foods by 130.6% in the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock worth $38,000 after purchasing an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods in the second quarter worth $41,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $52.15 on Tuesday. 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 business has a 50-day simple moving average of $54.50 and a two-hundred day simple moving average of $55.67. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a 52 week low of $51.04 and a 52 week high of $65.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS 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 analysts’ expectations of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods declared that its board has approved a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm 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 $0.50 dividend. 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 3.8%. Tyson Foods’s payout ratio is currently 90.91%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSN. Santander began coverage on Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. JP Morgan Cazenove reduced their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 7th. Bernstein Bank cut Tyson Foods to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets reduced their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.92.

Tyson Foods Company 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.