Alliancebernstein L.P. Grows Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Alliancebernstein L.P. increased its stake in Tyson Foods, Inc. by 7.7%, acquiring 24,297 shares to reach a total of 338,017 shares valued at approximately $21.57 million.
• Tyson Foods recently reported an earnings per share (EPS) of $0.91, surpassing analysts' expectations and showing a 4% increase in quarterly revenue year-over-year.
• The company declared a $0.50 quarterly dividend, representing an annual yield of 3.6%, with a share repurchase program authorized for up to 43 million shares.

Alliancebernstein L.P. raised its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,017 shares of the company's stock after purchasing an additional 24,297 shares during the period. Alliancebernstein L.P. owned 0.09% of Tyson Foods worth $21,569,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSN. Baird Financial Group Inc. boosted its holdings in Tyson Foods by 124.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,663 shares of the company's stock valued at $268,000 after purchasing an additional 2,584 shares during the period. Captrust Financial Advisors raised its position in shares of Tyson Foods by 21.4% during the 4th quarter. Captrust Financial Advisors now owns 10,733 shares of the company's stock valued at $617,000 after buying an additional 1,895 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Tyson Foods by 645.9% during the 4th quarter. Lazard Asset Management LLC now owns 4,878 shares of the company's stock valued at $279,000 after buying an additional 4,224 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tyson Foods by 6.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,799 shares of the company's stock valued at $2,056,000 after buying an additional 2,128 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Tyson Foods by 20.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,948 shares of the company's stock valued at $686,000 after buying an additional 2,012 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSN has been the topic of several research reports. Bernstein Bank cut shares of 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. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. JP Morgan Cazenove lowered their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Finally, The Goldman Sachs Group started coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Trading Down 1.6%

NYSE:TSN traded down $0.91 during trading hours on Friday, reaching $55.17. The company's stock had a trading volume of 2,357,076 shares, compared to its average volume of 2,362,919. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.76 and a beta of 0.59. The firm has a 50-day simple moving average of $55.39 and a 200-day simple moving average of $57.35. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $65.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations 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 was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has initiated a share repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods's payout ratio is presently 90.91%.

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.