Trexquant Investment LP Sells 189,063 Shares of Tyson Foods, Inc. $TSN

Key Points

• Trexquant Investment LP has reduced its stake in Tyson Foods by 58.8%, selling 189,063 shares, and now holds 132,630 shares valued at approximately $8.46 million.
• Tyson Foods announced a stock repurchase program allowing the company to buy back 43 million shares, indicating management's belief that the stock is undervalued.
• In its latest quarterly earnings report, Tyson Foods exceeded expectations with $0.91 earnings per share versus the consensus estimate of $0.72, and reported a 4% year-over-year revenue growth.

Trexquant Investment LP lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 58.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,630 shares of the company's stock after selling 189,063 shares during the period. Trexquant Investment LP's holdings in Tyson Foods were worth $8,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TSN. Vanguard Group Inc. lifted its stake in Tyson Foods by 0.7% in the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock valued at $2,294,697,000 after acquiring an additional 247,051 shares during the last quarter. Pzena Investment Management LLC lifted its stake 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 valued at $846,379,000 after acquiring an additional 1,271,750 shares during the last quarter. Northern Trust Corp lifted its stake in Tyson Foods by 0.8% in the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock valued at $302,315,000 after acquiring an additional 36,941 shares during the last quarter. Davis Selected Advisers lifted its stake in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock valued at $298,604,000 after acquiring an additional 1,598,896 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Tyson Foods by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,745,556 shares of the company's stock valued at $175,159,000 after acquiring an additional 52,300 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $56.80 on Friday. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $55.39 and a two-hundred day simple moving average of $57.53. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data 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 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 analysts' expectations of $13.54 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The business's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods announced that its Board of Directors has authorized a stock repurchase 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 often a sign that the company's leadership believes its shares are undervalued.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 3.5%. Tyson Foods's payout ratio is 90.91%.

Analyst Ratings Changes

A number of brokerages have commented on TSN. JP Morgan Cazenove cut their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Bernstein Bank cut shares of Tyson Foods to a "market perform" rating and cut their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Stephens cut their target price on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a "neutral" rating and a $60.00 target price for the company. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.25.

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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