Credit Agricole S A Raises Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Credit Agricole S A increased its stake in Tyson Foods by 5.3% during the first quarter, owning 86,938 shares worth $5.5 million after purchasing an additional 4,353 shares.
• Tyson Foods reported a quarterly earnings per share (EPS) of $0.91, exceeding analysts' expectations, alongside a revenue of $13.88 billion, which was an increase of 4.0% year-over-year.
• The company announced a $0.50 quarterly dividend with an annualized yield of 3.5%, and initiated a share repurchase program for 43 million shares, indicating management's belief that the stock is undervalued.

Credit Agricole S A lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,938 shares of the company's stock after purchasing an additional 4,353 shares during the period. Credit Agricole S A's holdings in Tyson Foods were worth $5,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in shares of Tyson Foods in the fourth quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter worth approximately $28,000. Curat Global LLC bought a new position in shares of Tyson Foods in the first quarter worth approximately $28,000. Rossby Financial LCC bought a new position in shares of Tyson Foods in the first quarter worth approximately $53,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Tyson Foods by 223.0% in the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock worth $67,000 after purchasing an additional 727 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, JP Morgan Cazenove cut 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 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 a consensus rating of "Hold" and an average price target of $61.25.

Tyson Foods Stock Down 0.2%

Tyson Foods stock traded down $0.1270 during mid-day trading on Monday, reaching $57.4830. The stock had a trading volume of 2,159,826 shares, compared to its average volume of 2,779,620. Tyson Foods, Inc. has a one year low of $51.85 and a one year high of $66.88. The company has a 50-day moving average price of $55.19 and a two-hundred day moving average price of $57.56. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 0.78 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The business had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. Tyson Foods's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its board has authorized a share repurchase plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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.