Parallax Volatility Advisers L.P. Purchases New Shares in Tyson Foods, Inc. $TSN

Key Points

• Parallax Volatility Advisers L.P. purchased 5,009 shares of Tyson Foods, valued at approximately $320,000, during the first quarter.
• Tyson Foods recently declared a quarterly dividend of $0.50, which represents a 3.6% yield based on an annualized basis.
• The company reported a quarterly earnings per share (EPS) of $0.91, exceeding analysts' expectations of $0.72, with revenues of $13.88 billion.

Parallax Volatility Advisers L.P. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,009 shares of the company's stock, valued at approximately $320,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Tyson Foods by 0.7% during the first 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 lifted its position in shares of Tyson Foods by 10.6% during 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 lifted its position in shares of Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after purchasing an additional 36,941 shares in the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after acquiring an additional 1,598,896 shares during the period. Finally, AQR Capital Management LLC raised its position in Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after acquiring an additional 2,518,416 shares during the period. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on TSN shares. JP Morgan Cazenove lowered their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Stephens lowered their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. BMO Capital Markets lowered their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Down 0.1%

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

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.91 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 analysts' expectations 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 previous year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication 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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