Quantitative Investment Management LLC Makes New $4.43 Million Investment in Tyson Foods, Inc. $TSN

Key Points

• Quantitative Investment Management LLC has made a new investment of approximately $4.43 million in Tyson Foods by purchasing 69,352 shares in the first quarter.
• Tyson Foods recently announced a quarterly dividend of $0.50 per share, representing a 3.5% yield, to be paid on December 15th, 2023.
• The company reported $0.91 EPS for the last quarter, exceeding analysts' estimates, and has set its FY 2025 guidance anticipating 3.8 earnings per share for the current year.

Quantitative Investment Management LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 69,352 shares of the company's stock, valued at approximately $4,425,000.

A number of other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of Tyson Foods by 348.4% in the fourth quarter. First Trust Advisors LP now owns 373,876 shares of the company's stock worth $21,475,000 after acquiring an additional 290,501 shares during the last quarter. MML Investors Services LLC increased its position in shares of Tyson Foods by 11.8% during the fourth quarter. MML Investors Services LLC now owns 32,028 shares of the company's stock valued at $1,840,000 after purchasing an additional 3,371 shares during the period. State of Tennessee Department of Treasury grew its position in Tyson Foods by 35.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 83,960 shares of the company's stock valued at $4,823,000 after acquiring an additional 21,811 shares during the period. Syon Capital LLC grew its position in Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after acquiring an additional 174 shares during the period. Finally, Nebula Research & Development LLC bought a new stake in Tyson Foods in the fourth quarter valued at $1,082,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

NYSE:TSN opened at $57.5860 on Friday. The stock has a market cap of $20.49 billion, a P/E ratio of 26.18, a PEG ratio of 0.79 and a beta of 0.59. The stock has a 50 day simple moving average of $55.14 and a 200 day simple moving average of $57.56. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. 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 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 business had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same period last year, the firm posted $0.87 EPS. The firm'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. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued 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 presently 90.91%.

Tyson Foods announced that its Board of Directors has approved a share repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSN. JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Stephens lowered their price target on Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets decreased their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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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