Tyson Foods, Inc. $TSN Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in Tyson Foods by 1,794.3%, owning 517,146 shares valuing approximately $33 million.
• Tyson Foods reported earnings of $0.91 per share for its recent quarter, exceeding estimates by $0.19, with revenues of $13.88 billion, up 4% from the previous year.
• The company announced a share buyback plan for up to 43 million shares, indicating management believes its stock is undervalued, alongside a quarterly dividend of $0.50 per share.

Acadian Asset Management LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1,794.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 517,146 shares of the company's stock after purchasing an additional 489,846 shares during the quarter. Acadian Asset Management LLC owned about 0.15% of Tyson Foods worth $32,994,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSN. Park Square Financial Group LLC acquired a new stake in shares of Tyson Foods during the fourth quarter worth $25,000. Curat Global LLC acquired a new stake in shares of Tyson Foods during the first quarter worth $28,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tyson Foods during the first quarter worth $28,000. Rossby Financial LCC acquired a new stake in shares of Tyson Foods during the first quarter worth $53,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of Tyson Foods by 325.6% during the first 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 last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Trading Down 0.8%

NYSE:TSN opened at $55.41 on Thursday. The business's 50-day moving average is $55.45 and its two-hundred day moving average is $57.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $65.95. The firm has a market capitalization of $19.71 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 0.76 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating 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 company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the company posted $0.87 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. 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 approved a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSN shares. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. The Goldman Sachs Group began coverage on Tyson Foods in a report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 target price on the stock. Stephens cut their target price on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Finally, JP Morgan Cazenove cut their target price on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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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