Tyson Foods (NYSE:TSN) Sets New 52-Week Low – Here’s What Happened

Tyson Foods, Inc. (NYSE:TSN) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $51.07 and last traded at $51.16, with a volume of 416071 shares changing hands. The stock had previously closed at $51.81.

Analyst Ratings Changes

TSN has been the topic of several analyst reports. JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective on the stock. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Bernstein Bank lowered Tyson Foods to a “market perform” rating and decreased their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Santander began coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Finally, Bank of America cut their price objective 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. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.92.

Tyson Foods Trading Down 0.9%

The stock has a fifty day moving average of $54.57 and a 200-day moving average of $55.75. 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 market cap of $18.27 billion, a PE ratio of 23.34, a PEG ratio of 0.86 and a beta of 0.57.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The firm had revenue of $13.88 billion during 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 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, December 1st. Tyson Foods’s dividend payout ratio is currently 90.91%.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TSN. Norges Bank bought a new stake in Tyson Foods during the 2nd quarter valued at $246,055,000. Davis Selected Advisers increased its stake in shares of Tyson Foods by 91.4% during the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the period. AQR Capital Management LLC raised its holdings in shares of Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after acquiring an additional 2,518,416 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock worth $104,344,000 after acquiring an additional 1,597,272 shares during the period. Finally, Invesco Ltd. grew its holdings in Tyson Foods by 36.0% during the 2nd quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after acquiring an additional 1,550,812 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

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.