BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stock holdings in Tyson Foods, Inc. by 66.7%, now owning only 10,135 shares after selling 20,335 shares in the first quarter.
• Tyson Foods reported quarterly earnings of $0.91 per share, exceeding analyst estimates of $0.72, along with revenue of $13.88 billion, surpassing expectations of $13.54 billion.
• The company has initiated a share buyback program allowing the repurchase of up to 43,000,000 shares, indicating that management believes the stock is undervalued.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 66.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,135 shares of the company's stock after selling 20,335 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Tyson Foods were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Tyson Foods by 348.4% in the 4th quarter. First Trust Advisors LP now owns 373,876 shares of the company's stock valued at $21,475,000 after buying an additional 290,501 shares during the period. MML Investors Services LLC raised its position in Tyson Foods by 11.8% during the fourth quarter. MML Investors Services LLC now owns 32,028 shares of the company's stock valued at $1,840,000 after acquiring an additional 3,371 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in Tyson Foods by 35.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 83,960 shares of the company's stock valued at $4,823,000 after acquiring an additional 21,811 shares during the period. Syon Capital LLC boosted its position in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after purchasing an additional 174 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in Tyson Foods in the 4th quarter worth approximately $1,082,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN opened at $57.5860 on Friday. The firm's fifty day simple moving average is $55.14 and its two-hundred day simple moving average is $57.56. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.79 and a beta of 0.59. 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 posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 7.49% and a net margin of 1.45%.Tyson Foods's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSN shares. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and cut their target price for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday. They issued a "neutral" rating and a $60.00 price objective for the company. JP Morgan Cazenove lowered their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Finally, Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Company 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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