Park Avenue Securities LLC Purchases New Shares in Tyson Foods, Inc. $TSN

Key Points

• Park Avenue Securities LLC purchased 19,050 shares of Tyson Foods, valued at approximately $1,066,000, contributing to a growing interest from institutional investors, who now own 67% of the stock.
• Tyson Foods exceeded earnings expectations with $0.91 earnings per share for the last quarter, compared to an estimated $0.72, while also experiencing a 4.0% year-over-year revenue increase.
• The company's board has authorized a stock buyback program for up to 43 million shares, indicating a belief that the stock is currently undervalued.

Park Avenue Securities LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,050 shares of the company's stock, valued at approximately $1,066,000.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $2,180,000. VELA Investment Management LLC boosted its position in shares of Tyson Foods by 45.6% during the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock valued at $1,128,000 after purchasing an additional 5,537 shares in the last quarter. World Investment Advisors boosted its position in shares of Tyson Foods by 54.2% during the first quarter. World Investment Advisors now owns 14,861 shares of the company's stock valued at $948,000 after purchasing an additional 5,226 shares in the last quarter. Finally, Summit Global Investments boosted its position in shares of Tyson Foods by 212.8% during the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after purchasing an additional 157,092 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.7%

TSN stock opened at $54.15 on Friday. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $65.95. The business has a fifty day moving average price of $55.32 and a 200-day moving average price of $56.86. 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 stock has a market capitalization of $19.26 billion, a P/E ratio of 24.61, a P/E/G ratio of 0.73 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its board has authorized a stock buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Tyson Foods's payout ratio is currently 90.91%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSN shares. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. JP Morgan Cazenove dropped their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, July 7th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and dropped their target price for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, Santander initiated coverage on Tyson Foods in a report on Thursday. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and a consensus price target 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.

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