Legal & General Group Plc Decreases Stock Holdings in Tyson Foods, Inc. $TSN

Legal & General Group Plc reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,450,412 shares of the company’s stock after selling 34,465 shares during the period. Legal & General Group Plc owned 0.69% of Tyson Foods worth $137,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Zions Bancorporation National Association UT acquired a new position in Tyson Foods during the first quarter worth $28,000. NewSquare Capital LLC increased its stake in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after acquiring an additional 326 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the period. First Command Advisory Services Inc. boosted its position in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after acquiring an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of Tyson Foods in the second quarter valued at about $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE:TSN opened at $57.22 on Tuesday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $64.72. 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 company has a 50 day moving average price of $53.18 and a 200 day moving average price of $54.67. The stock has a market capitalization of $20.36 billion, a P/E ratio of 26.01, a PEG ratio of 0.85 and a beta of 0.56.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $14.08 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Tyson Foods has set its FY 2026 guidance at EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.51 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSN shares. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, November 17th. BMO Capital Markets upped their price objective on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Santander started coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Finally, Bank of America reduced their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.75.

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.