MBB Public Markets I LLC Makes New $345,000 Investment in Tyson Foods, Inc. $TSN

Key Points

• MBB Public Markets I LLC invested approximately $345,000 in Tyson Foods, acquiring 5,400 shares during the first quarter.
• Tyson Foods reported an earnings per share (EPS) of $0.91 for the last quarter, surpassing analysts' expectations of $0.72.
• The company announced a quarterly dividend payment of $0.50 per share, with an annualized yield of 3.6%, and a new share buyback program allowing repurchase of up to 43 million shares.

MBB Public Markets I LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,400 shares of the company's stock, valued at approximately $345,000.

A number of other hedge funds have also bought and sold shares of the company. United Services Automobile Association bought a new position in Tyson Foods during the first quarter valued at $380,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Tyson Foods by 3.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,732 shares of the company's stock worth $557,000 after purchasing an additional 326 shares during the last quarter. Great Lakes Advisors LLC lifted its position in shares of Tyson Foods by 1.9% during the first quarter. Great Lakes Advisors LLC now owns 843,487 shares of the company's stock worth $53,729,000 after purchasing an additional 15,674 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Tyson Foods during the first quarter worth $575,000. Finally, UniSuper Management Pty Ltd lifted its position in shares of Tyson Foods by 4.3% during the first quarter. UniSuper Management Pty Ltd now owns 38,899 shares of the company's stock worth $2,482,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TSN shares. JPMorgan Chase & Co. started coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 target price for the company. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and decreased their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a report on Monday, July 28th. Finally, JP Morgan Cazenove decreased 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 analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average target price of $61.25.

Tyson Foods Stock Performance

TSN stock opened at $56.15 on Monday. 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 has a 50-day moving average price of $55.52 and a 200 day moving average price of $57.48. The company has a market capitalization of $19.98 billion, a P/E ratio of 25.52, a PEG ratio of 0.77 and a beta of 0.59. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods declared 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 purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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.

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