Deutsche Bank AG Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Key Points

• Deutsche Bank AG has reduced its stake in Tyson Foods by 25.6%, owning 1,622,967 shares worth approximately $103.56 million as of its latest filing.
• Analysts have varied opinions on Tyson Foods, with Goldman Sachs initiating coverage with a "buy" rating and a price target of $67, while others have set lower targets, indicating mixed sentiment in the market.
• Tyson Foods declared a quarterly dividend of $0.50 per share and authorized a stock repurchase program for up to 43 million shares, indicating confidence in its valuation and commitment to returning value to shareholders.

Deutsche Bank AG lessened its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 25.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,622,967 shares of the company's stock after selling 557,513 shares during the quarter. Deutsche Bank AG owned 0.46% of Tyson Foods worth $103,562,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Pacer Advisors Inc. lifted its stake in shares of Tyson Foods by 4,207.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after purchasing an additional 453,853 shares during the period. Two Sigma Advisers LP boosted its stake in Tyson Foods by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after purchasing an additional 392,200 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Tyson Foods during the 4th quarter worth approximately $22,059,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

TSN stock traded down $1.55 during trading on Thursday, reaching $56.15. The company had a trading volume of 1,208,835 shares, compared to its average volume of 2,721,585. The firm has a 50-day simple moving average of $54.95 and a 200-day simple moving average of $57.57. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

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 for the quarter, beating the consensus estimate 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 analyst estimates of $13.54 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Tyson Foods's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods declared that its board has authorized a stock repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of recent research reports. Bernstein Bank lowered Tyson Foods to a "market perform" rating and lowered their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, BMO Capital Markets decreased their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.33.

About Tyson Foods

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.