New York Life Investment Management LLC Grows Stock Position in Tyson Foods, Inc. $TSN

New York Life Investment Management LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,063 shares of the company’s stock after buying an additional 651 shares during the period. New York Life Investment Management LLC’s holdings in Tyson Foods were worth $2,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company’s stock worth $105,000 after buying an additional 191 shares in the last quarter. Horizon Investments LLC boosted its position in shares of Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company’s stock worth $262,000 after buying an additional 201 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Tyson Foods by 2.3% in the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company’s stock worth $581,000 after buying an additional 204 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Tyson Foods by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after buying an additional 206 shares in the last quarter. Finally, Peddock Capital Advisors LLC boosted its position in shares of Tyson Foods by 1.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock worth $1,183,000 after buying an additional 217 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSN shares. Bernstein Bank lowered shares of Tyson Foods to a “market perform” rating and reduced their target price for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. BMO Capital Markets reduced their target price on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Two equities 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.92.

Tyson Foods Trading Up 0.0%

Shares of TSN stock opened at $51.44 on Friday. The firm has a market cap of $18.30 billion, a P/E ratio of 23.38, a PEG ratio of 0.85 and a beta of 0.57. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $65.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $54.05 and its 200-day simple moving average is $55.44.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio is 90.91%.

Tyson Foods announced that its board has initiated a share buyback program 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 programs are often 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.