Kaufman Rossin Wealth LLC Purchases New Stake in Tyson Foods, Inc. $TSN

Key Points

• Kaufman Rossin Wealth LLC acquired a new stake in Tyson Foods, Inc., purchasing 5,843 shares valued at approximately $373,000.
• Analysts have issued mixed ratings on Tyson Foods, with Goldman Sachs initiating coverage with a "buy" rating at a target price of $67.00, while Bernstein downgraded the stock to "market perform" with a target of $59.00.
• Tyson Foods recently announced a stock repurchase program allowing for the purchase of 43 million shares, seen as a sign that the board believes the stock is undervalued, along with a quarterly dividend of $0.50 per share.

Kaufman Rossin Wealth LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,843 shares of the company's stock, valued at approximately $373,000.

Several other hedge funds also recently bought and sold shares of TSN. First Trust Advisors LP grew its stake in Tyson Foods by 348.4% during the fourth quarter. First Trust Advisors LP now owns 373,876 shares of the company's stock valued at $21,475,000 after acquiring an additional 290,501 shares in the last quarter. Ossiam grew its stake in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares in the last quarter. Norinchukin Bank The grew its stake in Tyson Foods by 1.7% during the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after acquiring an additional 184 shares in the last quarter. MetLife Investment Management LLC grew its stake in Tyson Foods by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 75,576 shares of the company's stock valued at $4,341,000 after acquiring an additional 1,339 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Tyson Foods by 11.8% during the fourth quarter. MML Investors Services LLC now owns 32,028 shares of the company's stock valued at $1,840,000 after acquiring an additional 3,371 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TSN. 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. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. BMO Capital Markets dropped their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. JP Morgan Cazenove dropped their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a research report on Wednesday. They set a "neutral" rating and a $60.00 target price for the company. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Trading Up 1.1%

Shares of Tyson Foods stock traded up $0.6160 during trading on Friday, reaching $57.5860. The company's stock had a trading volume of 1,986,836 shares, compared to its average volume of 2,773,614. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.79 and a beta of 0.59. The firm's 50-day moving average is $55.14 and its two-hundred day moving average is $57.56. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data 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 prior year, the company earned $0.87 EPS. The firm's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods announced that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board 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. Stockholders of record on Monday, December 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods's dividend payout ratio is 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.