Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly reduced its holdings in Tyson Foods, Inc., decreasing its position by 96.0% in the first quarter, leaving it with only 700 shares.
• Tyson Foods reported $0.91 earnings per share for the last quarter, surpassing expectations, while its revenue increased by 4.0% year-over-year.
• The company has initiated a stock buyback program to repurchase up to 43 million shares, reflecting management's belief that its stock is undervalued.

Headlands Technologies LLC lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 96.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 700 shares of the company's stock after selling 16,610 shares during the quarter. Headlands Technologies LLC's holdings in Tyson Foods were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in Tyson Foods during the fourth quarter valued at $25,000. Curat Global LLC acquired a new position in shares of Tyson Foods during the 1st quarter worth about $28,000. Ossiam raised its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the last quarter. Rossby Financial LCC purchased a new position in Tyson Foods in the 1st quarter valued at about $53,000. Finally, Transce3nd LLC acquired a new stake in Tyson Foods in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of several research reports. Bernstein Bank lowered Tyson Foods to a "market perform" rating and cut 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 cut their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. JP Morgan Cazenove cut their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Stephens cut their price objective on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.33.

Tyson Foods Price Performance

Shares of TSN stock traded down $1.38 during trading hours on Thursday, reaching $56.31. The company had a trading volume of 2,391,998 shares, compared to its average volume of 2,744,426. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock has a fifty day moving average of $54.95 and a 200-day moving average of $57.57. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 0.79 and a beta of 0.59. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods declared that its board has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Tyson Foods Announces Dividend

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 $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Tyson Foods's dividend payout ratio is currently 90.91%.

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.