Magnetar Financial LLC Has $2.67 Million Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Magnetar Financial LLC increased its holdings in Tyson Foods by 36.7% during the first quarter, now owning 41,852 shares valued at approximately $2.67 million.
• Tyson Foods reported earnings of $0.91 EPS for the last quarter, exceeding analysts' expectations of $0.72, along with revenue of $13.88 billion.
• The company has announced a stock repurchase plan authorizing the buyback of up to 43 million shares, indicating management's belief that the shares are undervalued.

Magnetar Financial LLC increased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,852 shares of the company's stock after purchasing an additional 11,238 shares during the quarter. Magnetar Financial LLC's holdings in Tyson Foods were worth $2,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Tyson Foods in the fourth quarter worth $25,000. Zions Bancorporation National Association UT bought a new position in shares of Tyson Foods during the first quarter valued at $28,000. Curat Global LLC bought a new position in shares of Tyson Foods during the first quarter valued at $28,000. Rossby Financial LCC bought a new position in shares of Tyson Foods during the first quarter valued at $53,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Tyson Foods by 223.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock valued at $67,000 after acquiring an additional 727 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of NYSE:TSN traded up $0.68 during midday trading on Monday, reaching $56.80. The company's stock had a trading volume of 2,591,544 shares, compared to its average volume of 2,756,912. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $66.88. The company has a market capitalization of $20.21 billion, a P/E ratio of 25.82, a P/E/G ratio of 0.77 and a beta of 0.59. 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 simple moving average is $55.43 and its 200-day simple moving average is $57.53.

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

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.50 dividend. 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 (DPR) is presently 90.91%.

Tyson Foods announced that its Board of Directors has approved a share buyback program on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Stephens cut their price objective on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bernstein Bank cut Tyson Foods to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective for the company. Finally, JP Morgan Cazenove cut their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.25.

Tyson Foods 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.