WBI Investments LLC Purchases New Shares in Tyson Foods, Inc. $TSN

WBI Investments LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,835 shares of the company’s stock, valued at approximately $1,329,000.

Other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the fourth quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter valued at about $28,000. Curat Global LLC bought a new position in shares of Tyson Foods in the first quarter valued at about $28,000. Rossby Financial LCC bought a new position in shares of Tyson Foods in the first quarter valued at about $53,000. Finally, Plato Investment Management Ltd raised its holdings in Tyson Foods by 325.6% during the 1st quarter. Plato Investment Management Ltd now owns 881 shares of the company’s stock worth $57,000 after purchasing an additional 674 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.41 on Thursday. 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 stock has a market cap of $19.71 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 0.76 and a beta of 0.59. The stock has a 50-day moving average of $55.45 and a 200-day moving average of $57.42. Tyson Foods, Inc. has a one year low of $51.85 and a one year high of $65.95.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The company 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%.Tyson Foods’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid 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 dividend yield of 3.6%. Tyson Foods’s dividend payout ratio is 90.91%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein cut 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. Stephens dropped their price objective on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. BMO Capital Markets dropped their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, July 28th. Finally, The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They set a “buy” rating and a $67.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.25.

About Tyson Foods

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.