Jacobs Levy Equity Management Inc. Decreases Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Tyson Foods by 2.3%, selling 48,537 shares, leaving it with approximately 2,047,948 shares valued at $130.68 million.
• Tyson Foods announced a quarterly dividend of $0.50 per share, with a dividend yield of 3.6%, set to be paid on December 15th.
• Recent analyst ratings for Tyson Foods have downgraded the company's target price, with current average estimates around $61.25 after multiple reports, including a shift from "outperform" to "market perform."

Jacobs Levy Equity Management Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,047,948 shares of the company's stock after selling 48,537 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.57% of Tyson Foods worth $130,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Park Square Financial Group LLC purchased a new stake in shares of Tyson Foods in the fourth quarter valued at about $25,000. Curat Global LLC purchased a new stake in shares of Tyson Foods in the first quarter valued at about $28,000. Zions Bancorporation National Association UT purchased a new stake in shares of Tyson Foods in the first quarter valued at about $28,000. Rossby Financial LCC purchased a new stake in shares of Tyson Foods in the first quarter valued at about $53,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 0.5%

TSN stock traded down $0.29 on Monday, hitting $55.91. 2,859,939 shares of the company were exchanged, compared to its average volume of 2,347,225. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88. 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 business's fifty day moving average is $55.52 and its two-hundred day moving average is $57.48. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping 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 business posted $0.87 earnings per share. Tyson Foods'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, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods announced that its board has initiated 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 typically an indication that the company's leadership 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. Shareholders 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 yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's payout ratio is currently 90.91%.

Analysts Set New Price Targets

Several analysts recently commented on TSN shares. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their price objective 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. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and reduced their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, Stephens reduced their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.