Tyson Foods, Inc. $TSN Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD has decreased its stake in Tyson Foods, Inc. by 29.6%, holding approximately 7 million shares after selling nearly 3 million during the first quarter.
• Tyson Foods reported a quarterly earnings per share (EPS) of $0.91, exceeding analysts' expectations, with revenue of $13.88 billion for the quarter, marking a 4% year-over-year increase.
• The company declared a quarterly dividend of $0.50 per share, representing an annualized payout of $2.00 and a yield of 3.5%, set to be paid on December 15th.

Price T Rowe Associates Inc. MD lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 29.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,025,024 shares of the company's stock after selling 2,949,521 shares during the period. Price T Rowe Associates Inc. MD owned about 1.97% of Tyson Foods worth $448,267,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 buying an additional 247,051 shares during the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after acquiring an additional 1,271,750 shares during the period. Northern Trust Corp increased its stake in shares of Tyson Foods by 0.8% in the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock worth $302,315,000 after purchasing an additional 36,941 shares in the last quarter. Davis Selected Advisers increased its stake in shares of 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 purchasing an additional 1,598,896 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tyson Foods by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,745,556 shares of the company's stock worth $175,159,000 after purchasing an additional 52,300 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. BMO Capital Markets dropped 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 report on Monday, July 28th. Finally, Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and reduced their price objective 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Performance

NYSE TSN traded down $0.1270 during mid-day trading on Monday, reaching $57.4830. 2,159,826 shares of the stock were exchanged, compared to its average volume of 2,779,620. 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 business's 50 day moving average is $55.19 and its 200-day moving average is $57.56. The company has a market capitalization of $20.45 billion, a P/E ratio of 26.13, a P/E/G ratio of 0.78 and a beta of 0.59. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year 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. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The business had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued 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 dividend payout ratio (DPR) is presently 90.91%.

Tyson Foods declared that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

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.