Jackson Thornton Wealth Management LLC Makes New $309,000 Investment in Tyson Foods, Inc. $TSN

Jackson Thornton Wealth Management LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, HoldingsChannel reports. The institutional investor acquired 5,549 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in Tyson Foods during the first quarter worth approximately $28,000. Matrix Trust Co raised 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 purchasing an additional 564 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in Tyson Foods during the second quarter worth approximately $37,000. Armstrong Advisory Group Inc. raised its holdings in Tyson Foods by 130.6% during the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock worth $38,000 after purchasing an additional 388 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JP Morgan Cazenove lowered their target price on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, July 7th. Bank of America lowered their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Santander assumed coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.92.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $52.49 on Tuesday. The firm has a market capitalization of $18.67 billion, a P/E ratio of 23.86, a PEG ratio of 0.86 and a beta of 0.57. Tyson Foods, Inc. has a one year low of $51.07 and a one year high of $65.95. The company’s fifty day moving average is $54.95 and its two-hundred day moving average is $55.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. The company 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 business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, December 1st. Tyson Foods’s payout ratio is presently 90.91%.

Tyson Foods declared that its board has initiated a stock repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is 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.