Ieq Capital LLC Takes Position in Tyson Foods, Inc. $TSN

Key Points

• Ieq Capital LLC acquired 93,881 shares of Tyson Foods, Inc. valued at approximately $5,991,000 during the first quarter.
• Tyson Foods announced a quarterly dividend of $0.50 per share, which will be paid on December 15th, representing an annualized yield of 3.6%.
• Tyson Foods reported strong quarterly earnings with $0.91 EPS and revenue of $13.88 billion, surpassing analysts' expectations.

Ieq Capital LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,881 shares of the company's stock, valued at approximately $5,991,000.

Other institutional investors have also recently made changes to their positions in the company. Davis Selected Advisers increased its holdings in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after buying an additional 1,598,896 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Tyson Foods by 4,207.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after purchasing an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after purchasing an additional 1,271,750 shares during the last quarter. Nuveen LLC bought a new stake in shares of Tyson Foods in the 1st quarter valued at about $41,582,000. Finally, GAMMA Investing LLC lifted its stake in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after purchasing an additional 453,853 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE TSN traded up $0.68 on Monday, reaching $56.80. The stock had a trading volume of 2,591,544 shares, compared to its average volume of 2,756,912. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The company has a market cap of $20.21 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. The firm has a fifty day moving average of $55.39 and a two-hundred day moving average of $57.53. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88.

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 analysts' consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. Tyson Foods's quarterly revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid 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 is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSN. Stephens lowered their price target on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target for the company. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group assumed 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. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.