Algert Global LLC Invests $10.46 Million in Tyson Foods, Inc. $TSN

Key Points

• Algert Global LLC has acquired a new stake in Tyson Foods, purchasing 163,910 shares valued at approximately $10.46 million during the first quarter.
• Tyson Foods announced a quarterly dividend of $0.50, representing an annualized yield of 3.5%, with a payout ratio of 90.91%.
• Recent analyst reports have shown a mix of ratings for Tyson Foods, with thirteen analysts

Algert Global LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 163,910 shares of the company's stock, valued at approximately $10,459,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. raised its position in Tyson Foods by 12.3% during the first quarter. Raymond James Financial Inc. now owns 431,214 shares of the company's stock valued at $27,516,000 after purchasing an additional 47,178 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Tyson Foods by 0.7% in the first quarter. Tocqueville Asset Management L.P. now owns 49,980 shares of the company's stock worth $3,189,000 after purchasing an additional 350 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Tyson Foods by 1.1% in the first quarter. American Century Companies Inc. now owns 128,212 shares of the company's stock worth $8,181,000 after purchasing an additional 1,423 shares during the last quarter. Ethic Inc. grew its stake in shares of Tyson Foods by 11.1% in the first quarter. Ethic Inc. now owns 17,909 shares of the company's stock worth $1,130,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Tyson Foods by 8.2% in the first quarter. Brandywine Global Investment Management LLC now owns 1,299,852 shares of the company's stock worth $82,944,000 after purchasing an additional 98,779 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TSN. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group started coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Bernstein Bank cut Tyson Foods to a "market perform" rating and lowered their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Stephens decreased their target price on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, JP Morgan Cazenove decreased their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.33.

Tyson Foods Trading Up 1.0%

Shares of NYSE:TSN traded up $0.5610 during trading on Tuesday, reaching $56.6310. The company's stock had a trading volume of 2,134,308 shares, compared to its average volume of 2,751,852. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. The stock has a market capitalization of $20.15 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. The firm's 50 day simple moving average is $55.04 and its two-hundred day simple moving average is $57.57.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for 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 firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.