Graham Capital Management L.P. Grows Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Graham Capital Management L.P. increased its stake in Tyson Foods by 31.1%, acquiring an additional 20,461 shares, bringing its total holdings to 86,315 shares valued at $5.5 million.
• Tyson Foods recently reported strong earnings with $0.91 EPS for the quarter, surpassing analyst estimates, and announced a stock repurchase program allowing for the buyback of 43 million shares.
• The company declared a quarterly dividend of $0.50 per share, with an ex-dividend date of December 1, indicating a yield of 3.5% and a payout ratio of 90.91%.

Graham Capital Management L.P. grew its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 31.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,315 shares of the company's stock after acquiring an additional 20,461 shares during the quarter. Graham Capital Management L.P.'s holdings in Tyson Foods were worth $5,508,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after buying an additional 191 shares in the last quarter. Utah Retirement Systems increased its holdings in Tyson Foods by 0.4% in the 4th quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock worth $2,678,000 after acquiring an additional 200 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Tyson Foods by 5.1% in the first quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock valued at $262,000 after acquiring an additional 201 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Tyson Foods by 2.3% in the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock worth $581,000 after buying an additional 204 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Tyson Foods by 0.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock valued at $2,250,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the topic of several research reports. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and reduced their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Stephens decreased their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $56.80 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 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 company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.77 and a beta of 0.59. The firm's 50-day moving average is $55.39 and its 200 day moving average is $57.53.

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

Tyson Foods announced that its board has authorized a stock repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Tyson Foods's payout ratio is presently 90.91%.

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.

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