5,249 Shares in Tyson Foods, Inc. (NYSE:TSN) Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC acquired a new stake in Tyson Foods, purchasing 5,249 shares valued at approximately $335,000 during Q1.
• Tyson Foods reported a $0.91 EPS for the latest quarter, exceeding expectations, with revenue also surpassing projections at $13.88 billion.
• The company has initiated a share buyback program authorizing the repurchase of 43 million shares, indicating the board's belief in the stock’s undervaluation.

Chicago Partners Investment Group LLC purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,249 shares of the company's stock, valued at approximately $335,000.

Several other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after acquiring an additional 651 shares during the last quarter. Tabor Asset Management LP bought a new stake in shares of Tyson Foods during the 1st quarter worth $2,180,000. VELA Investment Management LLC lifted its holdings in shares of Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock worth $1,128,000 after acquiring an additional 5,537 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Tyson Foods by 54.2% during the 1st quarter. World Investment Advisors now owns 14,861 shares of the company's stock worth $948,000 after acquiring an additional 5,226 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Tyson Foods by 212.8% during the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after acquiring an additional 157,092 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Up 1.3%

Shares of TSN stock traded up $0.71 during mid-day trading on Friday, reaching $57.01. The stock had a trading volume of 887,502 shares, compared to its average volume of 2,717,587. The stock's 50-day moving average price is $54.97 and its two-hundred day moving average price is $57.56. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The firm has a market capitalization of $20.28 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 0.79 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. Tyson Foods's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect 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 initiated a stock repurchase plan on Thursday, August 7th that authorizes the company to buyback 43,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire 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.

Tyson Foods Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.5%. Tyson Foods's payout ratio is currently 90.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSN. Stephens dropped their price objective on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, 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. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.33.

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.