Aberdeen Group plc Purchases 20,708 Shares of Tyson Foods, Inc. $TSN

Key Points

• Aberdeen Group plc increased its stake in Tyson Foods by 15.6%, acquiring an additional 20,708 shares, bringing its total holdings to 153,171 shares valued at approximately $8.57 million.
• Tyson Foods recently declared a quarterly dividend of $0.50 per share, set to be paid on December 15th, representing an annualized yield of 3.8%.
• Analysts have mixed sentiments on Tyson Foods, with the average rating being "Hold" and a target price of $60.92, following recent downgrades from several financial institutions.

Aberdeen Group plc boosted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,171 shares of the company's stock after acquiring an additional 20,708 shares during the period. Aberdeen Group plc's holdings in Tyson Foods were worth $8,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Tyson Foods by 70.5% in the second quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company's stock valued at $3,195,000 after purchasing an additional 23,625 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Tyson Foods by 66.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company's stock valued at $18,604,000 after purchasing an additional 132,947 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Tyson Foods by 11.3% in the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP bought a new position in shares of Tyson Foods in the first quarter valued at approximately $2,180,000. Finally, VELA Investment Management LLC lifted its holdings in shares of Tyson Foods by 45.6% in the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after purchasing an additional 5,537 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Santander assumed coverage on Tyson Foods in a research report on Thursday, September 25th. They set a "neutral" rating for the company. Bank of America decreased their price target on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and decreased their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets decreased their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. Finally, The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $60.92.

Tyson Foods Stock Performance

NYSE:TSN opened at $52.83 on Thursday. The company has a market capitalization of $18.79 billion, a P/E ratio of 24.01, a P/E/G ratio of 0.87 and a beta of 0.57. Tyson Foods, Inc. has a 1 year low of $51.07 and a 1 year high of $65.95. 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 business has a fifty day simple moving average of $55.21 and a two-hundred day simple moving average of $56.20.

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 for the quarter, beating the consensus estimate 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%.The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

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 given a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. Tyson Foods's payout ratio is 90.91%.

Tyson Foods declared that its Board of Directors 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are 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.

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