Northern Trust Corp Raises Stake in Tyson Foods, Inc. $TSN

Key Points

• Northern Trust Corp has increased its stake in Tyson Foods by 0.8%, owning approximately 1.33% of the company, worth around $302 million.
• Tyson Foods reported $0.91 earnings per share for the last quarter, exceeding the consensus estimate of $0.72, with revenues of $13.88 billion.
• The company has approved a share repurchase plan to buy back up to 43 million outstanding shares, signaling potential confidence in its stock valuation.

Northern Trust Corp raised its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,737,737 shares of the company's stock after acquiring an additional 36,941 shares during the quarter. Northern Trust Corp owned approximately 1.33% of Tyson Foods worth $302,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Syon Capital LLC increased 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 buying an additional 174 shares in the last quarter. Ossiam increased its position in shares of Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares in the last quarter. Norinchukin Bank The increased its position in shares of Tyson Foods by 1.7% in the fourth 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 position in shares of Tyson Foods by 12.6% in the first quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after buying an additional 191 shares in the last quarter. Finally, Utah Retirement Systems increased its position in shares of Tyson Foods by 0.4% in the fourth quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock valued at $2,678,000 after buying an additional 200 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN traded up $0.6160 during trading hours on Friday, hitting $57.5860. 1,986,836 shares of the stock were exchanged, compared to its average volume of 2,773,614. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a 12-month low of $51.85 and a 12-month high of $66.88. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 0.79 and a beta of 0.59. The stock's 50-day moving average price is $55.14 and its two-hundred day moving average price is $57.56.

Tyson Foods (NYSE:TSN - Get Free Report) last issued 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. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business 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. 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 presently 90.91%.

Tyson Foods announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on TSN shares. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. JP Morgan Cazenove cut their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. JPMorgan Chase & Co. started coverage on Tyson Foods in a research report on Wednesday. They issued a "neutral" rating and a $60.00 price objective for the company. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to 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.