Adage Capital Partners GP L.L.C. Buys 45,100 Shares of Tyson Foods, Inc. $TSN

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Tyson Foods by 20.9%, acquiring an additional 45,100 shares, bringing its total to 261,155 shares worth approximately $16.66 million.
• Tyson Foods recently announced a stock buyback plan allowing for the repurchase of up to 43 million shares, signaling confidence from the board in the company's valuation.
• The firm also declared a $0.50 quarterly dividend with a 3.6% yield, reflecting a strong commitment to returning value to shareholders.

Adage Capital Partners GP L.L.C. boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,155 shares of the company's stock after acquiring an additional 45,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of Tyson Foods worth $16,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after buying an additional 191 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Tyson Foods by 5.1% in the 1st quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock valued at $262,000 after buying an additional 201 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Tyson Foods by 2.3% in the 1st quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock valued at $581,000 after buying an additional 204 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Tyson Foods by 0.6% in the 1st quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock valued at $2,250,000 after buying an additional 208 shares in the last quarter. Finally, Unison Advisors LLC grew its stake in shares of Tyson Foods by 0.9% in the 1st quarter. Unison Advisors LLC now owns 26,209 shares of the company's stock valued at $1,672,000 after buying an additional 232 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSN. JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Bernstein Bank cut Tyson Foods to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. 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 target price for the company. Finally, JP Morgan Cazenove decreased their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.25.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.29 during trading hours on Monday, reaching $55.91. 2,859,939 shares of the company's stock were exchanged, compared to its average volume of 2,347,225. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $66.88. The stock has a market capitalization of $19.89 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.77 and a beta of 0.59. The business has a fifty day moving average price of $55.52 and a 200-day moving average price of $57.45. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its Board of Directors has authorized a share repurchase plan 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 plans are typically a sign that the company's board of directors believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

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.