National Pension Service Decreases Holdings in Tyson Foods, Inc. $TSN

Key Points

• The National Pension Service significantly reduced its stake in Tyson Foods by 75.9%, owning only 152,031 shares after selling 477,632 shares in the first quarter.
• Wall Street analysts have downgraded Tyson Foods, with Bernstein lowering its price target from $74.00 to $59.00, and the company currently holds a consensus rating of "Hold" with a target price of $61.33.
• Tyson Foods announced a share buyback program allowing repurchase of 43 million shares and declared a quarterly dividend of $0.50 to be paid on December 15th.

National Pension Service lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 75.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,031 shares of the company's stock after selling 477,632 shares during the period. National Pension Service's holdings in Tyson Foods were worth $9,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TSN. Vanguard Group Inc. raised its stake in shares of Tyson Foods by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after buying an additional 247,051 shares during the period. Pzena Investment Management LLC grew its position in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the last quarter. Davis Selected Advisers lifted its position in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after buying an additional 1,598,896 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tyson Foods by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,510,275 shares of the company's stock worth $160,181,000 after buying an additional 53,535 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.3%

Shares of TSN traded down $0.1520 during mid-day trading on Wednesday, hitting $56.5580. 2,398,813 shares of the company's stock were exchanged, compared to its average volume of 2,719,618. 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 company has a market cap of $20.12 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 0.77 and a beta of 0.59. The stock's 50-day moving average is $55.04 and its 200-day moving average is $57.57. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for 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%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. 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 fiscal year.

Tyson Foods declared that its Board of Directors has approved a share buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given 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 yield of 3.5%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TSN. Stephens reduced their target price on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. BMO Capital Markets decreased their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. 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 target for the company. Finally, Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and decreased their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $61.25.

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.