Federation des caisses Desjardins du Quebec Cuts Position in Tyson Foods, Inc. $TSN

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Tyson Foods by 19.4%, owning 61,387 shares worth $3.92 million after selling 14,816 shares.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, with a dividend yield of 3.6%, and has also initiated a buyback program for up to 43 million shares.
• Analysts have mixed ratings for Tyson Foods, with an average rating of "Hold" and a price target of $61.25, while the stock opened at $56.20.

Federation des caisses Desjardins du Quebec decreased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,387 shares of the company's stock after selling 14,816 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Tyson Foods were worth $3,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSN. Baird Financial Group Inc. raised its position in Tyson Foods by 124.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,663 shares of the company's stock valued at $268,000 after purchasing an additional 2,584 shares during the last quarter. Caxton Associates LP purchased a new stake in Tyson Foods in the 4th quarter valued at $391,000. Captrust Financial Advisors raised its position in Tyson Foods by 21.4% in the 4th quarter. Captrust Financial Advisors now owns 10,733 shares of the company's stock valued at $617,000 after purchasing an additional 1,895 shares during the last quarter. EP Wealth Advisors LLC raised its position in Tyson Foods by 3.9% in the 4th quarter. EP Wealth Advisors LLC now owns 7,449 shares of the company's stock valued at $428,000 after purchasing an additional 281 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Tyson Foods by 7.9% in the 4th quarter. Deutsche Bank AG now owns 2,180,480 shares of the company's stock valued at $125,247,000 after purchasing an additional 159,617 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.29 during trading hours on Monday, reaching $55.91. 2,859,939 shares of the stock were exchanged, compared to its average volume of 2,707,620. The stock has a market cap of $19.89 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.77 and a beta of 0.59. 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, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The firm's 50 day moving average is $55.52 and its 200 day moving average is $57.48.

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

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. BMO Capital Markets reduced 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 report on Monday, July 28th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective for the company. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and cut their price objective for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, JP Morgan Cazenove cut their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.25.

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.