Tyson Foods, Inc. $TSN Stake Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Tyson Foods by 83.4% during the first quarter, owning 132,463 shares valued at $8.43 million.
• Analysts have lowered their ratings, with Sanford C. Bernstein cutting Tyson's target price from $74 to $59, while JPMorgan Chase reduced its target to $61.
• Tyson Foods announced a quarterly dividend of $0.50 per share, with an annualized yield of 3.5%, and initiated a stock repurchase plan for 43 million shares.

Aberdeen Group plc grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 83.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,463 shares of the company's stock after acquiring an additional 60,233 shares during the period. Aberdeen Group plc's holdings in Tyson Foods were worth $8,437,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSN. Davis Selected Advisers grew its stake in shares of Tyson Foods by 51.9% during 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of Tyson Foods by 4,207.2% during the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock valued at $104,344,000 after acquiring an additional 1,597,272 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 10.6% during 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 in the last quarter. Nuveen LLC acquired a new stake in shares of Tyson Foods during the first quarter valued at about $41,582,000. Finally, GAMMA Investing LLC grew its stake in shares of Tyson Foods by 5,809.7% during the first quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after acquiring an additional 453,853 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN traded up $0.6160 during trading hours on Friday, reaching $57.5860. The company's stock had a trading volume of 1,986,836 shares, compared to its average volume of 2,773,614. 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 business has a 50-day simple moving average of $55.14 and a 200 day simple moving average of $57.56. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $66.88. The stock has a market cap of $20.49 billion, a PE ratio of 26.18, a PEG ratio of 0.79 and a beta of 0.59.

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

Tyson Foods declared that its Board of Directors has initiated a share buyback program on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Tyson Foods Announces Dividend

The firm 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 $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSN. JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday. They issued a "neutral" rating and a $60.00 price target for the company. JP Morgan Cazenove decreased their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Stephens decreased their price target on Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. The Goldman Sachs Group began coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Finally, Sanford C. Bernstein downgraded Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price target for the stock 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.