Tyson Foods, Inc. $TSN Shares Sold by Garner Asset Management Corp

Garner Asset Management Corp decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,187 shares of the company’s stock after selling 1,293 shares during the period. Garner Asset Management Corp’s holdings in Tyson Foods were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. Zions Bancorporation National Association UT bought a new stake in shares of Tyson Foods in the 1st quarter worth $28,000. NewSquare Capital LLC boosted its stake in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares in the last quarter. Matrix Trust Co grew its holdings in Tyson Foods by 28,200.0% during the second 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. grew its holdings in Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after acquiring an additional 460 shares during the period. Finally, MTM Investment Management LLC bought a new stake in Tyson Foods in the second quarter worth about $36,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Up 1.5%

Shares of Tyson Foods stock opened at $57.98 on Thursday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $64.72. The company has a market cap of $20.63 billion, a P/E ratio of 26.35, a P/E/G ratio of 0.85 and a beta of 0.56. 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 stock has a 50-day moving average price of $53.32 and a 200 day moving average price of $54.70.

Tyson Foods (NYSE:TSN) last released 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. The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Tyson Foods has set its FY 2026 guidance at EPS. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.04 annualized dividend and a yield of 3.5%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is currently 153.38%.

Insider Transactions at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSN has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. began 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 for the company. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday. Finally, Santander initiated coverage on Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average price target of $60.75.

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.