Northwestern Mutual Wealth Management Co. Buys 6,186 Shares of Tyson Foods, Inc. $TSN

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Tyson Foods by 18.4%, owning a total of 39,868 shares worth $2,544,000 as of the latest SEC filing.
• Tyson Foods reported an earnings per share (EPS) of $0.91 for the last quarter, beating expectations of $0.72, with quarterly revenues of $13.88 billion.
• The board of Tyson Foods has authorized a stock repurchase program for up to 43 million shares, indicating a belief that the shares may be undervalued.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,868 shares of the company's stock after purchasing an additional 6,186 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Tyson Foods were worth $2,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 valued at $2,294,697,000 after purchasing an additional 247,051 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 10.6% during the 1st 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 raised its stake in Tyson Foods by 0.8% during the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock worth $302,315,000 after buying an additional 36,941 shares during the period. Davis Selected Advisers raised its stake in Tyson Foods by 51.9% during the 1st 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 during the period. Finally, Dimensional Fund Advisors LP raised its stake in Tyson Foods by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,745,556 shares of the company's stock worth $175,159,000 after buying an additional 52,300 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock 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 12-month low of $51.85 and a 12-month high of $66.88. The firm has a 50 day moving average price of $55.43 and a 200-day moving average price of $57.53. The stock has a market capitalization of $20.21 billion, a P/E ratio of 25.82, a PEG 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.

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, topping 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 firm had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company's 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 analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's payout ratio is presently 90.91%.

Tyson Foods announced that its board has approved a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JP Morgan Cazenove dropped their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research note on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. BMO Capital Markets dropped their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group initiated coverage on Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Tyson Foods presently 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.