Nuveen LLC Invests $41.58 Million in Tyson Foods, Inc. $TSN

Key Points

• Nuveen LLC acquired a new stake in Tyson Foods, purchasing 651,654 shares valued at approximately $41.58 million, which represents about 0.18% ownership of the company.
• Tyson Foods recently announced a share buyback program authorizing the repurchase of 43 million shares, signaling management's belief that the stock is undervalued.
• The company reported $0.91 EPS for the last quarter, exceeding analysts' estimates, with revenue of $13.88 billion, reflecting a year-over-year increase of 4%.

Nuveen LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 651,654 shares of the company's stock, valued at approximately $41,582,000. Nuveen LLC owned about 0.18% of Tyson Foods at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Tyson Foods in the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT purchased a new position in shares of Tyson Foods in the first quarter valued at approximately $28,000. Curat Global LLC acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $28,000. Ossiam increased its stake in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the period. Finally, Rossby Financial LCC purchased a new stake in Tyson Foods during the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.3%

Shares of NYSE TSN traded down $0.1880 during mid-day trading on Wednesday, reaching $56.5220. The company had a trading volume of 839,870 shares, compared to its average volume of 2,709,426. The firm has a 50 day simple moving average of $55.04 and a two-hundred day simple moving average of $57.57. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market cap of $20.11 billion, a P/E ratio of 25.70, a PEG ratio of 0.77 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. The company 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%. Tyson Foods's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company 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 dividend of $0.50 per share. The ex-dividend date of this dividend 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 has authorized a stock buyback plan 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. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

TSN has been the subject of several research reports. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and dropped their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. 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 research note on Monday, July 7th. Finally, Stephens lowered their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average price target 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.