Lecap Asset Management Ltd. Cuts Stake in Tyson Foods, Inc. $TSN

Key Points

• Lecap Asset Management Ltd. reduced its stake in Tyson Foods by 29.1%, resulting in ownership of 22,377 shares valued at approximately $1,252,000.
• Multiple institutional investors, including Vanguard Group Inc. and Pzena Investment Management LLC, have increased their stakes in Tyson Foods, despite Lecap's reduction.
• Tyson Foods announced a quarterly dividend of $0.50 per share, with a 3.7% yield, and approved a stock buyback program for 43 million shares.

Lecap Asset Management Ltd. lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,377 shares of the company's stock after selling 9,204 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Tyson Foods were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after purchasing an additional 247,051 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after buying an additional 1,271,750 shares during the last quarter. Northern Trust Corp boosted its stake in Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after buying an additional 36,941 shares during the last quarter. Davis Selected Advisers boosted its stake in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after buying an additional 1,598,896 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock valued at $180,933,000 after buying an additional 2,518,416 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TSN shares. JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target for the company. Santander started coverage on Tyson Foods in a research note on Thursday, September 25th. They set a "neutral" rating for the company. Bernstein Bank lowered Tyson Foods to a "market perform" rating and dropped their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, JP Morgan Cazenove lowered 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. Two research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Trading Up 0.4%

Shares of NYSE TSN opened at $54.49 on Thursday. 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 price is $55.34 and its 200-day moving average price is $56.74. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $65.95. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.74 and a beta of 0.57.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company's revenue for the quarter 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 expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

Tyson Foods declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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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