Tyson Foods (TSN)

• Market cap: $19.8B
• 1 day: -0.55%
• 5 days: 1.59%
• 1 month: -6.21%
• 3 months: -6.82%
• 6 months: -7.86%
• Year to date: -4.20%
• 1 year: 2.58%
• 5 years: -38.00%
• 10 years: 38.20%
• Sector: Consumer Staples
• Industry: Poultry Processing

About: Tyson Foods is a protein-focused food producer, selling raw chicken, beef, pork, and prepared foods. Chicken and beef are its two largest segments, each comprising about one-third of US sales. Prepared foods constituted 18% of fiscal 2024 sales and include brands like Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and Sara Lee. However, most of these are in product categories rife with competition where Tyson does not have a massive market share lead. Tyson sells some products overseas, but the international segment accounts for just 4% of total revenue. The company is an active acquirer, with more recent years' purchases focused on international and food-service markets.

Employees: 138,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

77% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 62

29% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 9 (+2) [Q3]

5% more funds holding

Funds holding: 755 [Q2] → 791 (+36) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 291 | Existing positions reduced: 275

4% more capital invested

Capital invested by funds: $13.7B [Q2] → $14.2B (+$488M) [Q3]

0.43% less ownership

Funds ownership: 83.96% [Q2] → 83.53% (-0.43%) [Q3]

41% less call options, than puts

Call options by funds: $211M | Put options by funds: $360M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $58 4% upside
• Avg. target: $61 9% upside
• High target: $62 11% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

UBS Manav Gupta 36% 1-year accuracy 5 / 14 met price target	11% upside $62	Neutral Initiated	10 Jan 2025
Piper Sandler Michael Lavery 40% 1-year accuracy 23 / 58 met price target	4% upside $58	Underweight Maintained	13 Nov 2024
Stephens & Co. Pooran Sharma 100% 1-year accuracy 1 / 1 met price target	8% upside $60	Equal-Weight Maintained	13 Nov 2024
BMO Capital Andrew Strelzik 36% 1-year accuracy 12 / 33 met price target	11% upside $62	Market Perform Maintained	13 Nov 2024