Strs Ohio Purchases New Position in Tyson Foods, Inc. $TSN

Key Points

• Strs Ohio has acquired a new position in Tyson Foods, purchasing 421,628 shares valued at approximately $26.9 million, resulting in ownership of about 0.12% of the company.
• Tyson Foods recently reported quarterly earnings of $0.91 EPS, exceeding analysts' expectations, with a revenue of $13.88 billion, marking a 4% increase year-over-year.
• The company declared a quarterly dividend of $0.50 per share, which yields 3.6%, alongside a stock buyback plan allowing for repurchase of 43 million shares, indicating potential undervaluation of the stock.

Strs Ohio purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 421,628 shares of the company's stock, valued at approximately $26,904,000. Strs Ohio owned about 0.12% of Tyson Foods at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Tyson Foods in the 4th quarter worth about $25,000. Zions Bancorporation National Association UT purchased a new stake in Tyson Foods in the 1st quarter worth about $28,000. Curat Global LLC purchased a new stake in Tyson Foods in the 1st quarter worth about $28,000. Rossby Financial LCC purchased a new stake in Tyson Foods in the 1st quarter worth about $53,000. Finally, Plato Investment Management Ltd raised its position in Tyson Foods by 325.6% in the 1st quarter. Plato Investment Management Ltd now owns 881 shares of the company's stock worth $57,000 after purchasing an additional 674 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated 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. BMO Capital Markets reduced 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. Stephens reduced their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and reduced their price objective for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $55.17 on Friday. The firm has a market cap of $19.63 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.76 and a beta of 0.59. The firm's 50 day simple moving average is $55.39 and its 200-day simple moving average is $57.35. Tyson Foods, Inc. has a one year low of $51.85 and a one year high of $65.95. 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 (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend 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 plan on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership 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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