20,478 Shares in Tyson Foods, Inc. $TSN Purchased by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC acquired 20,478 shares of Tyson Foods ($TSN), valued at approximately $1.3 million, reinforcing institutional interest in the company.
• Tyson Foods reported $0.91 EPS for the most recent quarter, exceeding analysts' expectations of $0.72, and boosted revenue by 4.0% year over year to $13.88 billion.
• The company's board has authorized a share buyback plan for up to 43 million shares, potentially indicating that the company believes its stock is undervalued.

Redwood Investment Management LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,478 shares of the company's stock, valued at approximately $1,307,000.

Other hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of Tyson Foods during the 4th quarter worth about $25,000. Curat Global LLC acquired a new position in shares of Tyson Foods during the 1st quarter worth about $28,000. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the 1st quarter worth about $28,000. Rossby Financial LCC acquired a new position in shares of Tyson Foods during the 1st quarter worth about $53,000. Finally, Siemens Fonds Invest GmbH acquired a new position in shares of Tyson Foods during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Down 0.4%

Shares of NYSE TSN opened at $57.22 on Wednesday. The company has a 50 day simple moving average of $55.24 and a 200-day simple moving average of $57.56. The company has a market capitalization of $20.36 billion, a P/E ratio of 26.01, a P/E/G ratio of 0.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The business had revenue of $13.88 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods announced that its board has authorized a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Tyson Foods Dividend Announcement

The business also recently disclosed 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. 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 3.5%. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSN shares. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their price objective 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 price objective for the company. JP Morgan Cazenove cut their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Finally, Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus 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.

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