Groupama Asset Managment Increases Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Groupama Asset Management increased its stake in Tyson Foods by 52.4%, owning 56,971 shares valued at approximately $3.55 million after acquiring an additional 19,578 shares.
• Tyson Foods reported a quarterly earnings per share (EPS) of $0.91, surpassing estimates of $0.72, alongside revenues of $13.88 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, which represents an annualized yield of 3.5%, with a payout ratio of 90.91%.

Groupama Asset Managment grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 52.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,971 shares of the company's stock after buying an additional 19,578 shares during the period. Groupama Asset Managment's holdings in Tyson Foods were worth $3,553,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Syon Capital LLC increased its position in Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after purchasing an additional 174 shares during the period. Ossiam increased its position in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the period. Norinchukin Bank The increased its position in Tyson Foods by 1.7% during the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after purchasing an additional 184 shares during the period. Allworth Financial LP increased its position in Tyson Foods by 12.6% during the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after purchasing an additional 191 shares during the period. Finally, Utah Retirement Systems increased its position in Tyson Foods by 0.4% during the 4th quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock valued at $2,678,000 after purchasing an additional 200 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 1.1%

Shares of TSN traded up $0.6160 during trading hours on Friday, hitting $57.5860. The company had a trading volume of 1,986,836 shares, compared to its average volume of 2,773,614. The firm has a fifty day moving average price of $55.14 and a 200-day moving average price of $57.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 0.79 and a beta of 0.59. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 7.49% and a net margin of 1.45%.Tyson Foods's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its Board of Directors has initiated a share buyback 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 board believes its stock is undervalued.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.50 per share. 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 research analysts have recently commented on TSN shares. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. JP Morgan Cazenove lowered their target price 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. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price on the stock. BMO Capital Markets reduced their target price 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. Finally, Sanford C. Bernstein downgraded 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 equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.