Kovitz Investment Group Partners LLC Boosts Stake in Tyson Foods, Inc. $TSN

Key Points

• Kovitz Investment Group Partners LLC increased its position in Tyson Foods by 163.9% in the first quarter, owning 178,310 shares valued at approximately $11.38 million.
• Tyson Foods reported $0.91 EPS for the latest quarter, surpassing the consensus estimate of $0.72, with revenue of $13.88 billion.
• The Board of Directors has initiated a stock buyback plan allowing for the repurchase of 43 million shares, indicating confidence that the stock is undervalued.

Kovitz Investment Group Partners LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 163.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,310 shares of the company's stock after acquiring an additional 110,742 shares during the period. Kovitz Investment Group Partners LLC owned about 0.05% of Tyson Foods worth $11,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSN. Syon Capital LLC grew its position in shares of 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 purchasing an additional 174 shares in the last quarter. Ossiam boosted its stake in Tyson Foods by 41.6% during the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the last quarter. Norinchukin Bank The grew its holdings in Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after buying an additional 184 shares in the last quarter. Allworth Financial LP increased its stake in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after acquiring an additional 191 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Tyson Foods by 0.4% during the 4th quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock worth $2,678,000 after acquiring an additional 200 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 0.3%

NYSE:TSN traded down $0.1430 during midday trading on Wednesday, reaching $56.5670. The company had a trading volume of 958,293 shares, compared to its average volume of 2,710,149. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.77 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock's fifty day simple moving average is $55.04 and its 200-day simple moving average is $57.57.

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

Tyson Foods Announces Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio is currently 90.91%.

Tyson Foods declared that its board has approved a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSN. The Goldman Sachs Group started coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective for the company. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and reduced their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. BMO Capital Markets lowered their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research note on Wednesday. They set a "neutral" rating and a $60.00 target price for the company. Finally, Sanford C. Bernstein lowered 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. Two analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.