Martingale Asset Management L P Increases Stake in Tyson Foods, Inc. $TSN

Key Points

• Martingale Asset Management L P significantly increased its holdings in Tyson Foods by 532%, acquiring an additional 63,521 shares during the first quarter, bringing its total to 75,460 shares valued at approximately $4.8 million.
• Several other institutional investors have recently made moves with Tyson Foods, resulting in 67% of the stock now being owned by institutional investors.
• Analysts have mixed opinions on Tyson Foods, with Goldman Sachs issuing a "buy" rating and a target price of $67, while JP Morgan lowered its price target from $61 to $60, reflecting a diverse outlook on the stock's future performance.

Martingale Asset Management L P grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 532.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,460 shares of the company's stock after purchasing an additional 63,521 shares during the period. Martingale Asset Management L P's holdings in Tyson Foods were worth $4,815,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSN. Park Square Financial Group LLC acquired a new position in Tyson Foods in the 4th quarter valued at $25,000. Curat Global LLC acquired a new stake in Tyson Foods in the 1st quarter valued at $28,000. Zions Bancorporation National Association UT acquired a new position in Tyson Foods in the first quarter valued at about $28,000. Ossiam raised its position in Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in Tyson Foods during the 1st quarter worth about $53,000. 67.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSN shares. JP Morgan Cazenove dropped their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating 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 reduced their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Bernstein Bank downgraded shares of 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. Finally, Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Trading Up 1.1%

Shares of NYSE:TSN traded up $0.6160 during trading on Friday, reaching $57.5860. The stock had a trading volume of 1,986,836 shares, compared to its average volume of 2,779,620. The firm's fifty day moving average is $55.14 and its 200 day moving average is $57.56. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $66.88. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 0.78 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.

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

Tyson Foods Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.5%. Tyson Foods's payout ratio is 90.91%.

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

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.