Tyson Foods, Inc. $TSN Shares Acquired by Westpac Banking Corp

Westpac Banking Corp raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 453.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,059 shares of the company’s stock after acquiring an additional 22,986 shares during the quarter. Westpac Banking Corp’s holdings in Tyson Foods were worth $1,570,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSN. MTM Investment Management LLC acquired a new stake in Tyson Foods during the second quarter valued at approximately $36,000. Kingsview Wealth Management LLC boosted its holdings in shares of Tyson Foods by 706.5% in the 2nd quarter. Kingsview Wealth Management LLC now owns 41,575 shares of the company’s stock valued at $2,326,000 after buying an additional 36,420 shares during the period. Westwood Holdings Group Inc. acquired a new stake in Tyson Foods during the second quarter worth about $16,457,000. Intech Investment Management LLC grew its holdings in shares of Tyson Foods by 8.9% during the second quarter. Intech Investment Management LLC now owns 164,335 shares of the company’s stock valued at $9,193,000 after purchasing an additional 13,408 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Tyson Foods by 9.3% during the 2nd quarter. Cetera Investment Advisers now owns 66,307 shares of the company’s stock worth $3,709,000 after purchasing an additional 5,615 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of recent research reports. JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. Sanford C. Bernstein cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a research report on Wednesday, October 8th. Finally, Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and decreased their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.75.

Tyson Foods Stock Down 0.9%

Shares of Tyson Foods stock traded down $0.46 on Monday, hitting $53.52. 59,506 shares of the company traded hands, compared to its average volume of 2,743,667. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $65.33. The company has a 50-day moving average price of $53.36 and a 200 day moving average price of $54.82. The company has a market cap of $19.04 billion, a PE ratio of 24.43, a PEG ratio of 0.85 and a beta of 0.56.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Tyson Foods has set its FY 2026 guidance at EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.51 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio is presently 153.38%.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan 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. Shares buyback plans are typically an indication that the company’s board believes its shares are 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.