Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 48,731 Shares of Tyson Foods, Inc. $TSN

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Tyson Foods by 45.6%, owning 155,646 shares worth approximately $9.93 million at the end of the first quarter.
• Tyson Foods reported earnings of $0.91 per share for the latest quarter, surpassing estimates and showing a 4.0% revenue increase compared to the previous year.
• The company has initiated a $43 million stock buyback plan, signifying management's belief that the stock may be undervalued.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,646 shares of the company's stock after buying an additional 48,731 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Tyson Foods were worth $9,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the first quarter worth approximately $28,000. Curat Global LLC bought a new position in Tyson Foods in the 1st quarter worth approximately $28,000. Ossiam grew its holdings in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in Tyson Foods during the 1st quarter valued at $53,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.2%

Shares of TSN traded up $0.0920 during midday trading on Wednesday, reaching $56.8020. 299,166 shares of the stock were exchanged, compared to its average volume of 2,706,055. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 0.77 and a beta of 0.59. 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, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The firm has a 50 day simple moving average of $55.04 and a 200-day simple moving average of $57.57.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results 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 for 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 revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its board has initiated a share buyback 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 usually a sign that the company's board of directors believes its shares are undervalued.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.50 dividend. 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 3.5%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSN. BMO Capital Markets lowered their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. JP Morgan Cazenove cut their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Stephens decreased their price target on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $61.25.

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.