Pzena Investment Management LLC Buys 444,648 Shares of Tyson Foods, Inc. $TSN

Key Points

• Pzena Investment Management LLC increased its holdings in Tyson Foods by 3.4%, acquiring an additional 444,648 shares to hold approximately 13.7 million shares, or 3.85% of the company, valued at about $766.9 million.
• Analysts have recently lowered their price targets for Tyson Foods, with consensus now at $60.92, while the stock has received mostly "Hold" ratings with two analysts issuing a "Buy" rating.
• Tyson Foods announced a quarterly dividend of $0.50 per share, representing a 3.8% yield, and also approved a stock repurchase program for up to 43 million shares.

Pzena Investment Management LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,708,700 shares of the company's stock after buying an additional 444,648 shares during the quarter. Tyson Foods accounts for about 2.5% of Pzena Investment Management LLC's holdings, making the stock its 16th biggest position. Pzena Investment Management LLC owned approximately 3.85% of Tyson Foods worth $766,865,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods during the first quarter valued at about $28,000. Matrix Trust Co grew its holdings in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company's stock valued at $32,000 after buying an additional 564 shares during the last quarter. Beacon Capital Management LLC acquired a new position in shares of Tyson Foods during the second quarter valued at about $37,000. Armstrong Advisory Group Inc. grew its holdings in shares of Tyson Foods by 130.6% during the second quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company's stock valued at $38,000 after buying an additional 388 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the second quarter valued at about $41,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JP Morgan Cazenove reduced their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, July 7th. Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. BMO Capital Markets cut their price target 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. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $60.92.

Tyson Foods Stock Performance

Shares of TSN stock opened at $52.09 on Monday. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 0.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a 52 week low of $51.53 and a 52 week high of $65.95. The firm's 50-day simple moving average is $55.35 and its two-hundred day simple moving average is $56.32.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.8%. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has approved a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.

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