Gabelli Funds LLC Boosts Holdings in Tyson Foods, Inc. $TSN

Key Points

• Gabelli Funds LLC increased its stake in Tyson Foods by 16.3%, owning 75,600 shares valued at approximately $4.82 million as of the latest SEC filing.
• Tyson Foods announced a quarterly dividend of $0.50 per share, representing an annualized yield of 3.6%, with payment scheduled for December 15th.
• Shares of Tyson Foods have seen significant trading activity, with institutional investors now owning 67% of the stock as various firms enhanced their positions during the 1st quarter.

Gabelli Funds LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,600 shares of the company's stock after acquiring an additional 10,600 shares during the quarter. Gabelli Funds LLC's holdings in Tyson Foods were worth $4,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Tyson Foods in the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods in the first quarter valued at approximately $28,000. Curat Global LLC bought a new position in shares of Tyson Foods in the first quarter valued at approximately $28,000. Rossby Financial LCC purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $53,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in Tyson Foods by 223.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock worth $67,000 after acquiring an additional 727 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSN. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. 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. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Finally, Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $61.25.

Tyson Foods Stock Performance

TSN traded up $0.68 during trading hours on Monday, hitting $56.80. The stock had a trading volume of 2,591,544 shares, compared to its average volume of 2,756,912. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $66.88. The company's fifty day simple moving average is $55.39 and its 200 day simple moving average is $57.53. The stock has a market cap of $20.21 billion, a PE ratio of 25.82, a price-to-earnings-growth 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating the consensus estimate 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%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's payout ratio is presently 90.91%.

Tyson Foods declared that its board has approved 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 repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Tyson Foods 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.