Intech Investment Management LLC Buys 12,200 Shares of Tyson Foods, Inc. $TSN

Key Points

• Intech Investment Management LLC increased its stake in Tyson Foods, Inc. by 8.8% during the first quarter, acquiring an additional 12,200 shares, bringing its total holdings to over 150,000 shares valued at approximately $9.63 million.
• Tyson Foods recently declared a quarterly dividend of $0.50 per share, equating to a 3.6% dividend yield, with the ex-dividend date set for December 1st.
• The company's stock saw a decline of 0.8% and currently has a consensus rating of "Hold" with analysts adjusting target prices down, indicating cautious sentiment around its stock performance.

Intech Investment Management LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,927 shares of the company's stock after acquiring an additional 12,200 shares during the quarter. Intech Investment Management LLC's holdings in Tyson Foods were worth $9,631,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in Tyson Foods during the 4th quarter valued at about $25,000. Curat Global LLC bought a new position in shares of Tyson Foods in the first quarter worth approximately $28,000. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $28,000. Rossby Financial LCC bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $53,000. Finally, Plato Investment Management Ltd raised its holdings in Tyson Foods by 325.6% in the 1st quarter. Plato Investment Management Ltd now owns 881 shares of the company's stock worth $57,000 after acquiring an additional 674 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.8%

TSN stock opened at $55.41 on Thursday. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 0.76 and a beta of 0.59. 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 business's 50-day moving average is $55.45 and its two-hundred day moving average is $57.42. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $65.95.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Tyson Foods announced that its board has approved a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on TSN shares. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and cut their target price for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. The Goldman Sachs Group began coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. JP Morgan Cazenove lowered their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Finally, BMO Capital Markets reduced their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.

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