Caisse DE Depot ET Placement DU Quebec Has $30.35 Million Position in Tyson Foods, Inc. $TSN

Key Points

• The Caisse DE Depot ET Placement DU Quebec increased its holdings in Tyson Foods by 62.1%, owning approximately $30.35 million worth of shares at the end of the most recent reporting period.
• Tyson Foods reported earnings of $0.91 per share, exceeding analysts' expectations, with revenue of $13.88 billion for the quarter, indicating a 4% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.50 per share, yielding 3.5%, along with a stock buyback program allowing for the reacquisition of up to 43 million shares.

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 62.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 475,685 shares of the company's stock after acquiring an additional 182,277 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Tyson Foods worth $30,353,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC increased its stake in shares of Tyson Foods by 11.8% in the 4th 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 during the last quarter. Aquatic Capital Management LLC bought a new stake in Tyson Foods in the fourth quarter valued at approximately $1,634,000. Northern Trust Corp increased its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares in the last quarter. AQR Capital Management LLC increased its stake in Tyson Foods by 47.6% in the fourth quarter. AQR Capital Management LLC now owns 324,211 shares of the company's stock valued at $18,545,000 after purchasing an additional 104,600 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Tyson Foods in the 4th quarter valued at $2,371,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSN. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Stephens lowered their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. 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. began coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective for the company. Finally, Sanford C. Bernstein cut shares of 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. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Stock Down 0.4%

Shares of TSN stock opened at $57.22 on Wednesday. The firm has a fifty day moving average of $55.24 and a 200-day moving average of $57.56. 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 market capitalization of $20.36 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued 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. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its Board of Directors has approved a stock buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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 issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.5%. Tyson Foods's dividend 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.

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