Allianz Asset Management GmbH Lowers Position in Tyson Foods, Inc. $TSN

Key Points

• Allianz Asset Management GmbH has reduced its stake in Tyson Foods, Inc. by 26.4%, owning 588,992 shares valued at approximately $32.9 million after selling over 211,000 shares during the second quarter.
• Tyson Foods reported earnings of $0.91 per share, surpassing analyst expectations of $0.72, and recorded a quarterly revenue of $13.88 billion, compared to estimates of $13.54 billion.
• The Board of Directors of Tyson Foods has authorized a stock repurchase program allowing the company to buy back up to 43 million shares, indicating their belief that the stock is undervalued.

Allianz Asset Management GmbH cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 26.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 588,992 shares of the company's stock after selling 211,537 shares during the period. Allianz Asset Management GmbH owned about 0.17% of Tyson Foods worth $32,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in Tyson Foods by 70.5% during 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 position 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 acquiring an additional 132,947 shares in the last quarter. Bessemer Group Inc. lifted its position 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 acquiring an additional 651 shares in the last quarter. Tabor Asset Management LP purchased a new position in shares of Tyson Foods in the first quarter valued at about $2,180,000. Finally, VELA Investment Management LLC lifted its position 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 acquiring an additional 5,537 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.7%

TSN opened at $52.53 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $18.69 billion, a PE ratio of 23.88, a PEG ratio of 0.86 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 firm has a 50-day moving average price of $55.04 and a two-hundred day moving average price of $56.00.

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, beating the consensus estimate of $0.72 by $0.19. The firm had revenue of $13.88 billion during 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 company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods announced that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Tyson Foods Announces Dividend

The firm 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 dividend of $0.50 per share. 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 currently 90.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on 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. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating 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. Santander assumed coverage on Tyson Foods in a research report on Thursday, September 25th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective on the stock. Finally, Bernstein Bank downgraded 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. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.92.

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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