Campbell & CO Investment Adviser LLC Takes Position in Tyson Foods, Inc. $TSN

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Tyson Foods, amounting to 66,959 shares valued at approximately $4.27 million.
• Tyson Foods is set to pay a quarterly dividend of $0.50 on December 15, 2023, reflecting an annualized yield of 3.5%.
• The company's latest earnings report showed an earnings per share of $0.91, exceeding analysts' estimates, with revenue reaching $13.88 billion.

Campbell & CO Investment Adviser LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,959 shares of the company's stock, valued at approximately $4,273,000.

Several other large investors have also modified their holdings of the business. Syon Capital LLC grew its position in shares of Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after purchasing an additional 174 shares during the last quarter. Allworth Financial LP boosted its position in Tyson Foods by 12.6% during the first quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after acquiring an additional 191 shares during the last quarter. Utah Retirement Systems boosted its position in Tyson Foods by 0.4% during the fourth quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock worth $2,678,000 after acquiring an additional 200 shares during the last quarter. Horizon Investments LLC boosted its position in Tyson Foods by 5.1% during the first quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock worth $262,000 after acquiring an additional 201 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock worth $581,000 after acquiring an additional 204 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $57.5860 on Friday. The company has a market capitalization 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 debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The business has a 50-day moving average of $55.14 and a 200-day moving average of $57.56.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the prior year, the business earned $0.87 EPS. Tyson Foods's quarterly revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research report on Wednesday. They set a "neutral" rating and a $60.00 target price on the stock. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BMO Capital Markets decreased their target price 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. Stephens decreased their target price on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Finally, JP Morgan Cazenove decreased their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 7th. Two equities research 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, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.25.

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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