Credit Industriel ET Commercial Acquires New Shares in Tyson Foods, Inc. $TSN

Key Points

• Credit Industriel ET Commercial acquired 6,500 shares of Tyson Foods, Inc. ($TSN) for about $364,000 during the second quarter.
• Tyson Foods reported $0.91 earnings per share for its latest quarter, outperforming analysts' expectations of $0.72, and had a revenue of $13.88 billion.
• The company announced a quarterly dividend of $0.50 per share, which translates to an annualized dividend of $2.00 and a 3.8% yield.

Credit Industriel ET Commercial bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,500 shares of the company's stock, valued at approximately $364,000.

A number of other hedge funds also recently made changes to their positions in TSN. AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 776.8% in the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock valued at $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. Davis Selected Advisers boosted its position in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after buying an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. boosted its position in Tyson Foods by 4,207.2% in 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 in the last quarter. Pzena Investment Management LLC boosted its position in Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after buying an additional 1,271,750 shares in the last quarter. Finally, Amundi boosted its position in Tyson Foods by 96.3% in the first quarter. Amundi now owns 1,556,812 shares of the company's stock valued at $98,951,000 after buying an additional 763,887 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.0%

Tyson Foods stock opened at $52.10 on Tuesday. The firm's fifty day moving average is $55.32 and its 200 day moving average is $56.25. Tyson Foods, Inc. has a 12-month low of $51.50 and a 12-month high of $65.95. The company has a market capitalization of $18.53 billion, a PE ratio of 23.68, a PEG ratio of 0.85 and a beta of 0.57. 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 (NYSE:TSN - Get Free Report) last posted 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 business had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the business earned $0.87 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Analyst Ratings Changes

Several research firms recently weighed in on TSN. Zacks Research downgraded Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. The Goldman Sachs Group began coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective on the stock. BMO Capital Markets dropped 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 research report on Monday, July 28th. Finally, JP Morgan Cazenove dropped their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $60.92.

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.

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