Tyson Foods, Inc. $TSN Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Tyson Foods by 8.2% during the first quarter, now owning approximately 1,299,852 shares worth around $82.9 million.
• Tyson Foods reported $0.91 earnings per share (EPS) in its latest quarterly results, surpassing analysts' expectations of $0.72, with a 4.0% year-over-year increase in revenue.
• The company has authorized a stock buyback plan to repurchase up to 43 million shares, indicating that the board believes the stock is undervalued.

Brandywine Global Investment Management LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,299,852 shares of the company's stock after acquiring an additional 98,779 shares during the period. Brandywine Global Investment Management LLC owned about 0.36% of Tyson Foods worth $82,944,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Davis Selected Advisers raised its holdings in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Tyson Foods by 4,207.2% during the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after buying an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the period. Nuveen LLC bought a new stake in Tyson Foods in the 1st quarter worth approximately $41,582,000. Finally, GAMMA Investing LLC increased its position in Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after acquiring an additional 453,853 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent research reports. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. Stephens dropped their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and cut their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, JP Morgan Cazenove decreased their price objective 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.33.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.5610 during midday trading on Tuesday, hitting $56.6310. The company had a trading volume of 2,061,493 shares, compared to its average volume of 2,714,425. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 0.78 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, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The company has a fifty day simple moving average of $55.02 and a 200 day simple moving average of $57.57.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (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 firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 dividend on an annualized basis and a yield of 3.5%. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.